BlackRock Credit Allocation Income Trust (NYSE:BTZ) Plans $0.08 Monthly Dividend

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.0839 per share by the investment management company on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend is Friday, November 14th.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $11.14 on Tuesday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.18. The firm has a fifty day moving average of $11.06 and a 200-day moving average of $10.87.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

Institutional investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC lifted its position in BlackRock Credit Allocation Income Trust by 7.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 22,419 shares of the investment management company’s stock valued at $240,000 after acquiring an additional 1,643 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in BlackRock Credit Allocation Income Trust during the 2nd quarter worth about $112,000. Riverbridge Partners LLC lifted its position in BlackRock Credit Allocation Income Trust by 3.5% during the 2nd quarter. Riverbridge Partners LLC now owns 65,486 shares of the investment management company’s stock worth $715,000 after buying an additional 2,218 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in BlackRock Credit Allocation Income Trust by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock worth $100,000 after buying an additional 4,964 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in BlackRock Credit Allocation Income Trust during the 2nd quarter worth about $76,000.

BlackRock Credit Allocation Income Trust Company Profile

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.