Dividend Alert: The $0.07 mark is well within reach for BlackRock Credit Allocation Income Trust (NYSE:BTZ).

Dividend Alert: The $0.07 mark is well within reach for BlackRock Credit Allocation Income Trust (NYSE:BTZ).

BlackRock Credit Allocation Income Trust (NYSE:BTZ) is expected to pay $0.07 on Oct 31, 2016. The indicated annual dividend is $0.92. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on BlackRock Credit Allocation Income Trust’s current price of $13.16, the dividend is 0.54%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 5, 2016. The stock increased 0.30% or $0.04 on October 10, hitting $13.16. Blackrock Credit Allocation Income Trust (NYSE:BTZ) has risen 7.25% since March 8, 2016 and is uptrending. It has underperformed by 2.06% the S&P500.

Blackrock Credit Allocation Income Trust is a non-diversified, closed-end management investment company. The company has a market cap of $1.42 billion. The Trust’s investment objective is to provide current income, current gains and capital appreciation. It currently has negative earnings. The Trust invests approximately 80% of its assets in credit-related securities, including, but not limited to, investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities.

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.46, from 0.76 in 2016Q1. The ratio is positive, as 11 funds sold all Blackrock Credit Allocation Income Trust shares owned while 25 reduced positions. 9 funds bought stakes while 35 increased positions. They now own 35.79 million shares or 0.22% less from 35.87 million shares in 2016Q1.
Creative Planning has invested 0% of its portfolio in Blackrock Credit Allocation Income Trust (NYSE:BTZ). Capital Advsr Ltd Liability Company owns 422,924 shares or 0.52% of their US portfolio. Oxbow Advsrs Limited Liability Co accumulated 1.82% or 978,653 shares. David R Rahn Assoc Inc accumulated 14,213 shares or 0.14% of the stock. Bank Of America De has 0.01% invested in the company for 3.16 million shares. Mcgowan Gp Asset Mngmt owns 810,632 shares or 1.88% of their US portfolio. Cornerstone Advisors, a Alabama-based fund reported 39,429 shares. Sii Wi, a Wisconsin-based fund reported 11,586 shares. Bessemer Grp has 526,490 shares for 0.04% of their US portfolio. Stratos Wealth Prtnrs Ltd, a Ohio-based fund reported 17,127 shares. Provise Mngmt Group Inc Ltd Liability Corporation holds 0.42% of its portfolio in Blackrock Credit Allocation Income Trust (NYSE:BTZ) for 177,077 shares. Ameriprise Incorporated accumulated 0% or 202,408 shares. The Arkansas-based Stephens Ar has invested 0.03% in Blackrock Credit Allocation Income Trust (NYSE:BTZ). The Ohio-based Fifth Third Savings Bank has invested 0% in Blackrock Credit Allocation Income Trust (NYSE:BTZ). Motco has 400 shares for 0% of their US portfolio.

BTZ Company Profile

BlackRock Preferred and Equity Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek current income, current gains and capital appreciation. The Trust’s investment advisor is BlackRock Advisors, LLC, and the Trust’s sub-advisors are BlackRock Financial Management, Inc. and BlackRock Investment Management, LLC.

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