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

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.059 per share on Monday, February 3rd. This represents a $0.71 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

BlackRock California Municipal Income Trust Price Performance

BFZ traded down $0.01 during trading on Friday, reaching $11.36. 66,888 shares of the stock traded hands, compared to its average volume of 56,794. BlackRock California Municipal Income Trust has a fifty-two week low of $11.10 and a fifty-two week high of $12.23. The stock’s 50-day simple moving average is $11.58 and its two-hundred day simple moving average is $11.85.

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 the company’s stock in a transaction that occurred 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 sale, the insider now owns 5,200,088 shares of the company’s stock, valued at $61,465,040.16. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.