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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be given a dividend of 0.0839 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Friday, December 11th.

BlackRock Credit Allocation Income Trust Stock Down 1.3%

Shares of NYSE BTZ opened at $9.77 on Friday. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18. The stock’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $10.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in shares of BlackRock Credit Allocation Income Trust by 1.4% during the 1st quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock worth $9,531,000 after acquiring an additional 12,607 shares in the last quarter. Jane Street Group LLC boosted its position in BlackRock Credit Allocation Income Trust by 56.9% in the first quarter. Jane Street Group LLC now owns 17,799 shares of the investment management company’s stock valued at $191,000 after buying an additional 6,455 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter worth $167,000. First Trust Advisors LP increased its holdings in shares of BlackRock Credit Allocation Income Trust by 3.6% during the second quarter. First Trust Advisors LP now owns 88,168 shares of the investment management company’s stock worth $963,000 after buying an additional 3,052 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust during the second quarter worth $132,000.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.