BlackRock Credit Allocation Income Trust (BTZ)
| Market Value | 999.50M |
| Revenue (ttm) | 107.62M |
| Net Income (ttm) | 98.65M |
| Shares Out | 93.32M |
| EPS (ttm) | 1.06 |
| PE Ratio | 10.13 |
| Forward PE | n/a |
| Dividend | $1.01 (9.41%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 171,273 |
| Open | 10.70 |
| Previous Close | 10.73 |
| Day's Range | 10.66 - 10.73 |
| 52-Week Range | 9.88 - 11.30 |
| Beta | 0.81 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About BTZ
BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor’s Corporation. It invests in investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives. The ... [Read more]
News
Wall Street Missed The Memo On These Bond Yields Up To 13%
It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.
BTZ: Risks May Exceed Upside Potential For Bonds And This Bond CEF
The BlackRock Credit Allocation Income Trust offers a high yield of 8.96%, appealing to income-seeking investors despite its limited inflation protection. The BTZ closed-end fund's substantial allocat...
BTZ: A Hold For Now Given Where Credit Spreads Are, 9.4% Yield
This analysis argues that BTZ, a BlackRock fixed income CEF, is not a good buy right now despite its attractive yield. The analysis highlights that current credit spreads are historically low, and whe...
BTZ: A Decent Multi-Sector Bond Fund, But Lack Of Floaters A Risk
BlackRock Credit Allocation Income Trust is a debt-focused closed-end fund that boasts a 9.23% current yield. The BTZ closed-end fund claims to invest in a combination of floating-rate and fixed-rate ...
BTZ: Good Debt Allocation Fund, But Fixed-Rate Bonds Might Be Overpriced
The BlackRock Credit Allocation Income Trust offers a current yield of 9.68%, lower than other debt funds in the market. The fund's shares have increased by 7.19% since October 12, 2023, outperforming...
Closed-End Funds: Investment-Grade Corporate Fixed-Income Exposure To Consider
Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatil...
BTZ: Decent Fund, But May Be Best Suited For A Pair Trade
The BlackRock Credit Allocation Income Trust offers a high yield of 10.29%, but it is lower than other fixed-income closed-end funds. The BTZ closed-end fund has outperformed its peers in the past, bu...
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...
BTZ: This CEF Remains Attractively Valued
BlackRock Credit Allocation Income Trust provides diversified exposure to fixed-income securities with a multi-sector approach. BTZ remains attractively valued despite a bit of a narrowing discount, b...
BTZ: Multi-Sector Bond Fund At A Discount
BTZ invests with a split between investment-grade and below-investment-grade debt with a multi-sector approach. The fund's latest discount has dropped into the double-digit area, where it becomes a mo...
BTZ: Buy If You Think Yields Will Go Lower
BTZ provides high current income from a portfolio of credit instruments. It has a relatively high duration of 6.4 years, which caused 2022's poor performance.
BTZ: Getting To A Better Valuation For This Multi-Sector Bond Fund
BTZ has been under pressure along with everything else through 2022 as interest rates have wreaked havoc. Now that some large declines are in and the fund has gone to a discount, there could be a bett...
BTZ: Lock In Your 10% Yield Before It Bounces
This diversified CEF, while volatile, can be a great pick to deliver yield. The portfolio is managed by the reputable and prestigious BlackRock.
Income Opportunities: CEFs And Rising Rates
After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in a...
BTZ: Moving From Sell To Hold After A -14% Drop
In January, we wrote an article detailing why we were assigning a Sell rating to BlackRock Credit Allocation Income Trust. The fund is down more than -14% since our rating.
BTZ: More Weakness Ahead Despite A Solid Build
BTZ is a fixed income closed-end-fund that focuses mostly on investment grade bonds. Coming from BlackRock, the vehicle has posted robust results in the past 5- and 10-year periods but runs a high dur...
BTZ: Attractive Returns, Attractive Distribution, But Interest Rates Could Be A Risk Here
BTZ has delivered solid returns for a multi-sector bond fund and is offered by the respected BlackRock. The distribution yield currently comes to 6.62% and is quite attractive as well.
BTZ: Strong Diversified Bond CEF, 6.5% Distribution Yield, But Lower Returns And Alpha Vs. Peers
BTZ's diversified holdings, strong 6.5% distribution yield, and market-beating returns make the fund a buy.
BTZ: Watch Interest Rate Risks With This Otherwise Appealing Fund
BTZ is somewhat susceptible to interest rate risks, more so than many of the other fixed-income funds we follow. The reason for this is because they have fairly large exposure to investment-grade bond...
PIMCO And BlackRock CEFs: 10.9% And 6.8% Yields
If you are looking for steady, high-income payments, PIMCO and BlackRock offer attractive closed-end funds that pay monthly. In addition to big monthly distribution payments, they both offer price app...
BTZ: Multi-Sector Bond Fund Paying A 6.91% Yield
BTZ's distribution coverage has dipped in the last report, but isn't cause for too much concern at this time. The fund is a multisector bond fund, invested mostly in investment-grade holdings.
