BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) declared a monthly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.051 per share on Friday, March 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock California Municipal Income Trust Stock Up 0.5 %
BFZ stock traded up $0.06 during trading on Friday, reaching $10.98. 217,018 shares of the company were exchanged, compared to its average volume of 79,331. BlackRock California Municipal Income Trust has a 52-week low of $9.86 and a 52-week high of $12.10. The stock’s 50 day moving average price is $10.42 and its 200 day moving average price is $11.21.
Insider Buying and Selling
In related news, major shareholder Saba Capital Management, L.P. acquired 90,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were purchased at an average price of $10.41 per share, with a total value of $936,941.64. Following the completion of the acquisition, the insider now owns 4,415,992 shares in the company, valued at $45,970,476.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have purchased 328,862 shares of company stock valued at $3,417,111.
Institutional Trading of BlackRock California Municipal Income Trust
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.
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