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

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.059 per share on Tuesday, September 3rd. This represents a $0.71 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend is Thursday, August 15th.

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

BlackRock California Municipal Income Trust Price Performance

BFZ traded up $0.08 during trading on Friday, hitting $12.08. 84,413 shares of the company traded hands, compared to its average volume of 62,562. BlackRock California Municipal Income Trust has a one year low of $9.86 and a one year high of $12.31. The stock’s fifty day moving average is $11.94 and its 200 day moving average is $11.80.

About BlackRock California Municipal Income Trust

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.