BlackRock Credit Allocation Income Trust (NYSE:BTZ) to Issue Dividend of $0.08

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.0839 per share by the investment management company on Wednesday, July 31st. The ex-dividend date is Monday, July 15th. This is a boost from BlackRock Credit Allocation Income Trust’s previous dividend of $0.07.

BlackRock Credit Allocation Income Trust Stock Down 0.5 %

BlackRock Credit Allocation Income Trust stock traded down $0.05 during trading hours on Tuesday, hitting $10.62. The company had a trading volume of 120,350 shares, compared to its average volume of 250,087. BlackRock Credit Allocation Income Trust has a one year low of $9.10 and a one year high of $11.13. The firm has a 50-day moving average of $10.49 and a 200 day moving average of $10.57.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.