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

BlackRock California Municipal Income Trust (NYSE:BFZGet Free Report) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.059 per share on Monday, March 3rd. This represents a $0.71 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, February 14th.

BlackRock California Municipal Income Trust has raised its dividend by an average of 9.8% per year over the last three years.

BlackRock California Municipal Income Trust Price Performance

NYSE:BFZ traded up $0.01 during trading hours on Tuesday, hitting $11.31. 226,513 shares of the company traded hands, compared to its average volume of 82,419. The firm has a 50-day moving average of $11.41 and a 200 day moving average of $11.74. BlackRock California Municipal Income Trust has a twelve month low of $11.10 and a twelve month high of $12.23.

Insider Activity at BlackRock California Municipal Income Trust

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of BlackRock California Municipal Income Trust stock in a transaction on Friday, November 8th. The stock was sold at an average price of $11.82, for a total transaction of $358,063.26. Following the completion of the transaction, the insider now directly owns 5,200,088 shares of the company’s stock, valued at approximately $61,465,040.16. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 225,019 shares of company stock worth $2,543,345 over the last three months.

About BlackRock California Municipal Income Trust

(Get Free Report)

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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Dividend History for BlackRock California Municipal Income Trust (NYSE:BFZ)

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