BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on December 22nd

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.0507 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, December 22nd.

BlackRock California Municipal Income Trust Price Performance

Shares of BFZ remained flat at $10.83 during mid-day trading on Friday. 100,587 shares of the stock were exchanged, compared to its average volume of 108,359. The firm has a 50-day moving average of $10.91 and a two-hundred day moving average of $10.78. BlackRock California Municipal Income Trust has a 12 month low of $10.17 and a 12 month high of $11.59.

About BlackRock California Municipal Income Trust

BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.

The fund’s investment objective emphasizes tax-exempt income through active portfolio management.