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

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.059 per share on Tuesday, December 31st. This represents a $0.71 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Monday, December 16th.

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

BlackRock California Municipal Income Trust Price Performance

NYSE:BFZ remained flat at $11.71 during trading hours on Friday. The company had a trading volume of 119,292 shares, compared to its average volume of 77,992. The firm has a fifty day moving average of $11.78 and a 200 day moving average of $11.90. BlackRock California Municipal Income Trust has a 1-year low of $11.41 and a 1-year high of $12.31.

Insider Activity

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 6,313 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $11.89, for a total value of $75,061.57. Following the completion of the transaction, the insider now owns 5,233,255 shares of the company’s stock, valued at $62,223,401.95. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.