BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on May 14th

Posted by Lindsey Winhoffer on May 4th, 2024

BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.051 per share on Monday, June 3rd. This represents a $0.61 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Tuesday, May 14th.

BlackRock California Municipal Income Trust has raised its dividend by an average of 1.4% annually over the last three years.

BlackRock California Municipal Income Trust Trading Up 0.7 %

NYSE:BFZ traded up $0.08 on Friday, hitting $11.70. The stock had a trading volume of 65,986 shares, compared to its average volume of 55,480. The business’s 50-day simple moving average is $11.74 and its two-hundred day simple moving average is $11.45. BlackRock California Municipal Income Trust has a 52-week low of $9.86 and a 52-week high of $12.31.

Insider Activity at BlackRock California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 35,703 shares of BlackRock California Municipal Income Trust stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of $11.95 per share, for a total transaction of $426,650.85. Following the purchase, the insider now directly owns 5,129,731 shares of the company’s stock, valued at approximately $61,300,285.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 119,997 shares of company stock worth $1,419,446.

About BlackRock California Municipal Income Trust

(Get Free Report)

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.