News stories about Blackrock Credit Allocation Income Trust (NYSE:BTZ) have trended positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackrock Credit Allocation Income Trust earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 47.5831704904803 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Blackrock Credit Allocation Income Trust (NYSE:BTZ) traded down $0.09 during midday trading on Thursday, hitting $13.32. The stock had a trading volume of 93,000 shares, compared to its average volume of 157,728. Blackrock Credit Allocation Income Trust has a fifty-two week low of $12.05 and a fifty-two week high of $13.66.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.067 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.80 annualized dividend and a yield of 6.04%.
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Blackrock Credit Allocation Income Trust Company Profile
BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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