SmarterDividends
BTZ

BlackRock Credit Allocation Income Trust

BTZ

Financial Services · Asset Management · Stock · monthly payer

$9.45

Undervalued · +15% Add to Portfolio

Forward Yield

10.65%

Annual Dividend

$1.01

Payout Ratio

162%

5-Yr Growth

0.0%

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about BTZ's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, BlackRock Credit Allocation Income Trust (BTZ) has a forward dividend yield of 10.65%, based on an annual dividend of $1.01 per share and a share price of $9.45.
  • As of Oct 18, 2026, BTZ's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
  • BTZ last cut its regular dividend in 2018.
  • BTZ's next ex-dividend date is Nov 13, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, BTZ pays out 162% of its trailing 12-month earnings as dividends (its payout ratio).
  • BTZ's dividend has been roughly flat over the past five years.
  • As of Oct 18, 2026, BTZ's 10.65% yield is 23% above its five-year average yield of 8.67%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BTZ is $10.90 per share, 15% above the $9.45 share price, so BTZ screens as undervalued.
  • BlackRock Credit Allocation Income Trust (BTZ) pays its dividend monthly, 12 times a year.
  • BlackRock Credit Allocation Income Trust (BTZ) has raised its regular dividend 4 times and cut it 8 times across the 237 payments on record since 2007. Its most recent change was a 25.4% increase to $0.0840 per share, going ex-dividend on Oct 11, 2019. The last cut went ex-dividend on Oct 13, 2017.
Cite this page

SmarterDividends, "BTZ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BTZ

Summary

As of Oct 18, 2026, BlackRock Credit Allocation Income Trust (BTZ) yields 10.65% ($1.01 a year per share) and has a dividend safety grade of C (64/100).

Is BTZ a good dividend stock?

Yes, with caveats

BlackRock Credit Allocation Income Trust (BTZ) pays a monthly dividend yielding 10.65% ($1.01/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2018
    • Elevated payout ratio (162%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    10.65%
    Payout Ratio
    162%
    Annual Dividend
    $1.01
    5-Yr Avg Growth
    0.0%
    Ex-Dividend Date
    Nov 13, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.76
    Market Cap
    $881.9M
    P/E Ratio
    15.2
    5-Yr Total Return
    -37%
    52-Week Range
    $9.25 – $11.18
    Dividend Safety
    C · 64/100
    Ever Cut?
    Yes (2018)

    BTZ dividend raises and cuts

    BlackRock Credit Allocation Income Trust (BTZ) has raised its regular dividend 4 times and cut it 8 times across the 237 payments on record since 2007. Its most recent change was a 25.4% increase to $0.0840 per share, going ex-dividend on Oct 11, 2019. The last cut went ex-dividend on Oct 13, 2017.

    Ex-dateChangeOld → newMove
    Oct 11, 2019Raise$0.0670 → $0.0840+25.4%
    Oct 13, 2017Cut$0.0710 → $0.0670−5.6%
    Oct 12, 2016Cut$0.0760 → $0.0710−6.6%
    Mar 11, 2016Cut$0.0810 → $0.0760−6.2%
    Oct 11, 2013Raise$0.0790 → $0.0810+2.5%
    Dec 12, 2011Raise$0.0760 → $0.0790+3.9%
    Nov 10, 2011Cut$0.0770 → $0.0760−1.3%
    Oct 12, 2011Raise$0.0690 → $0.0770+11.6%
    Dec 13, 2010Cut$0.0790 → $0.0690−12.7%
    Jun 11, 2010Cut$0.100 → $0.0790−21.0%
    Jun 11, 2009Cut$0.130 → $0.100−23.1%
    Jun 12, 2008Cut$0.156 → $0.130−16.7%
    Every BTZ payment →Download every raise and cut (CSV)
    BTZ ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →BTZ dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is BTZ a good dividend stock?

    Yes, with caveats. BlackRock Credit Allocation Income Trust (BTZ) pays a monthly dividend yielding 10.65% ($1.01/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is BTZ undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BTZ's fair value is about $10.90 versus a $9.45 share price — so it looks undervalued (+15% vs. fair value).

    Is BTZ's dividend safe?

    BTZ has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

    What is BTZ's fair value?

    Our blended fair-value estimate for BTZ is about $10.90 per share, roughly 15% above the current $9.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is BTZ a buy, hold, or sell?

    We don't issue formal ratings, but on the data BTZ screens as "yes, with caveats" and undervalued. BlackRock Credit Allocation Income Trust (BTZ) pays a monthly dividend yielding 10.65% ($1.01/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will BTZ cut its dividend?

    BTZ earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does BTZ pay a dividend?

    Yes. BlackRock Credit Allocation Income Trust pays a monthly dividend of about $1.01 per share annually, a forward yield of roughly 10.65%.

    What is BTZ's dividend yield?

    As of Oct 18, 2026, BTZ's forward dividend yield is 10.65%, based on a $1.01 annual dividend and a $9.45 share price.

    What is BTZ's dividend per share?

    As of Oct 18, 2026, BTZ pays $1.01 per share per year, distributed on a monthly basis.

    What is BTZ's dividend payout ratio?

    As of Oct 18, 2026, BTZ's payout ratio is 162% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has BTZ grown its dividend?

    BTZ does not currently have a long dividend-growth streak on record.

    When is the next BTZ ex-dividend date?

    As of Oct 18, 2026, the next ex-dividend date on record for BTZ is Nov 13, 2026.

    Income Calculator

    At $1.01 / yr per share

    Per payment (monthly)$8.42
    Annual$101.00
    Monthly avg$8.42

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