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 Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.059 per share on Monday, December 2nd. This represents a $0.71 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, November 15th.

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

BlackRock California Municipal Income Trust Stock Performance

BFZ traded down $0.04 during trading on Wednesday, hitting $11.65. The stock had a trading volume of 147,268 shares, compared to its average volume of 70,862. BlackRock California Municipal Income Trust has a twelve month low of $10.70 and a twelve month high of $12.31. The company’s 50-day moving average price is $11.98 and its 200 day moving average price is $11.91.

Insider Buying and Selling

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $11.82, for a total value of $358,063.26. Following the transaction, the insider now owns 5,200,088 shares in the company, valued at $61,465,040.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

BlackRock California Municipal Income Trust Company Profile

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.