BlackRock California Municipal Income Trust Declares Monthly Dividend of $0.06 (NYSE:BFZ)

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.059 per share on Friday, November 1st. This represents a $0.71 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock California Municipal Income Trust has raised its dividend payment by an average of 1.4% per year over the last three years.

BlackRock California Municipal Income Trust Stock Performance

Shares of BFZ traded up $0.06 on Friday, reaching $12.08. The company’s stock had a trading volume of 69,153 shares, compared to its average volume of 69,550. The stock’s 50 day simple moving average is $11.99 and its two-hundred day simple moving average is $11.88. BlackRock California Municipal Income Trust has a 12-month low of $9.86 and a 12-month high of $12.31.

About BlackRock California Municipal Income Trust

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.