BlackRock Credit Allocation Income Trust (NYSE:BTZ) to Issue Monthly Dividend of $0.08

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Friday, May 15th.

BlackRock Credit Allocation Income Trust Stock Down 0.1%

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.27 on Wednesday. The firm’s 50 day moving average price is $10.23 and its 200-day moving average price is $10.61. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BTZ. Fifth Third Bancorp purchased a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $34,000. Comerica Bank grew its position in BlackRock Credit Allocation Income Trust by 136.5% during the 3rd quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock worth $45,000 after purchasing an additional 2,345 shares during the last quarter. Caitlin John LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth approximately $59,000. Advisory Services Network LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth approximately $103,000. Finally, Stephens Inc. AR purchased a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $106,000.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.