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

Posted by Tech Dows on Apr 3rd, 2025

BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.059 per share on Thursday, May 1st. This represents a $0.71 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date is Tuesday, April 15th.

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

BlackRock California Municipal Income Trust Price Performance

BFZ traded up $0.14 on Thursday, hitting $11.23. 193,331 shares of the company’s stock were exchanged, compared to its average volume of 81,475. BlackRock California Municipal Income Trust has a twelve month low of $10.84 and a twelve month high of $12.23. The stock has a fifty day moving average of $11.21 and a two-hundred day moving average of $11.52.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 39,580 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $11.32, for a total value of $448,045.60. Following the completion of the sale, the insider now directly owns 5,160,508 shares of the company’s stock, valued at $58,416,950.56. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 280,937 shares of company stock worth $3,162,753.

BlackRock California Municipal Income Trust Company Profile

(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.