Favorable News Coverage Somewhat Unlikely to Impact Blackrock Credit Allocation Income Trust (BTZ) Share Price
Press coverage about Blackrock Credit Allocation Income Trust (NYSE:BTZ) has trended positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackrock Credit Allocation Income Trust earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 47.312240809768 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Blackrock Credit Allocation Income Trust (NYSE BTZ) opened at $13.28 on Wednesday. Blackrock Credit Allocation Income Trust has a 12-month low of $12.43 and a 12-month high of $13.66.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 12th will be given a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Monday, December 11th.
About Blackrock Credit Allocation Income Trust
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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