BlackRock Credit Allocation Income Trust (NYSE:BTZ) Declares Dividend of $0.08

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0839 per share by the investment management company on Monday, March 31st. The ex-dividend date is Friday, March 14th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous dividend of $0.07.

BlackRock Credit Allocation Income Trust has decreased its dividend payment by an average of 0.9% per year over the last three years.

BlackRock Credit Allocation Income Trust Stock Down 0.8 %

Shares of NYSE:BTZ traded down $0.09 during trading on Tuesday, hitting $10.76. The stock had a trading volume of 496,449 shares, compared to its average volume of 250,318. BlackRock Credit Allocation Income Trust has a 12 month low of $9.92 and a 12 month high of $11.30. The firm’s fifty day moving average is $10.67 and its 200 day moving average is $10.87.

About BlackRock Credit Allocation Income Trust

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.