BlackRock Credit Allocation Income Trust Stock News

It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.

The BlackRock Credit Allocation Income Trust offers a high yield of 8.96%, appealing to income-seeking investors despite its limited inflation protection. The BTZ closed-end fund's substantial allocation to fixed-income securities makes it vulnerable in an inflationary environment, which favors equities and hard assets instead. Recent economic data suggests inflation may not be under control, p...

This analysis argues that BTZ, a BlackRock fixed income CEF, is not a good buy right now despite its attractive yield. The analysis highlights that current credit spreads are historically low, and when they widen (which is expected), it will negatively impact BTZ's price. A significant portion of BTZ's distribution comes from ROC, which essentially returns investors' own money and can erode the...

NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Funds previously declared their June distributions on May 20, 2024 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Scien...