BlackRock California Municipal Income Trust Announces Monthly Dividend of $0.06 (NYSE:BFZ)

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.059 per share on Monday, March 3rd. This represents a $0.71 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend is Friday, February 14th.

BlackRock California Municipal Income Trust has raised its dividend payment by an average of 9.8% per year over the last three years.

BlackRock California Municipal Income Trust Price Performance

BFZ stock traded up $0.01 during midday trading on Tuesday, reaching $11.31. The stock had a trading volume of 226,513 shares, compared to its average volume of 82,419. BlackRock California Municipal Income Trust has a twelve month low of $11.10 and a twelve month high of $12.23. The business has a fifty day simple moving average of $11.41 and a two-hundred day simple moving average of $11.74.

Insider Transactions at BlackRock California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $11.82, for a total value of $358,063.26. Following the completion of the transaction, the insider now owns 5,200,088 shares of the company’s stock, valued at $61,465,040.16. The trade was a 0.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 225,019 shares of company stock worth $2,543,345.

BlackRock California Municipal Income Trust Company Profile

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.