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

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.059 per share on Monday, December 2nd. This represents a $0.71 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Friday, November 15th.

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 Stock Performance

BFZ traded down $0.04 on Wednesday, reaching $11.65. The company’s stock had a trading volume of 147,268 shares, compared to its average volume of 70,862. BlackRock California Municipal Income Trust has a fifty-two week low of $10.70 and a fifty-two week high of $12.31. The stock has a 50 day moving average of $11.98 and a two-hundred day moving average of $11.91.

Insider Buying and Selling

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the company’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 in the company, valued at $61,465,040.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

About BlackRock California Municipal Income Trust

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.