BlackRock Credit Allocation Income Trust
BTZFinancial Services · Stock · monthly payer
Forward Yield
9.83%
Annual Dividend
$1.01
Payout Ratio
92%
5-Yr Growth
0.0%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of August 2026, BlackRock Credit Allocation Income Trust (BTZ) yields 9.83% ($1.01 per share annually), with a blended fair-value estimate of $10.36 — +1% upside, so it screens as fairly valued. Dividend safety grade: C (60/100).
Is BTZ a good dividend stock?
Yes, with caveatsBlackRock Credit Allocation Income Trust (BTZ) pays a monthly dividend yielding 9.83% ($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 (92%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.83%
- Payout Ratio
- 92%
- Annual Dividend
- $1.01
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 9.3
- 5-Yr Total Return
- -33%
- 52-Week Range
- $9.70 – $11.18
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
BTZ Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
+1%
5 Years
-33%
52-Week Range
$9.70 – $11.18
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BTZ worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for BlackRock Credit Allocation Income Trust is $10.36 per share, versus a market price of $10.24. That implies the stock is roughly fairly priced.
Fair Value
$10.36
Current Price
$10.24
Gap
+1%
Margin of Safety
1%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.6% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $1.10 EPS, $1.01 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BTZ Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0840 | regular |
| Jun 15, 2026 | — | $0.0840 | regular |
| May 15, 2026 | — | $0.0840 | regular |
| Apr 15, 2026 | — | $0.0840 | regular |
| Mar 13, 2026 | — | $0.0840 | regular |
| Feb 13, 2026 | — | $0.0840 | regular |
| Jan 20, 2026 | — | $0.0840 | regular |
| Dec 22, 2025 | — | $0.0840 | regular |
| Nov 14, 2025 | — | $0.0840 | regular |
| Oct 15, 2025 | — | $0.0840 | regular |
| Sep 15, 2025 | — | $0.0840 | regular |
| Aug 15, 2025 | — | $0.0840 | regular |
| Jul 15, 2025 | — | $0.0840 | regular |
| Jun 13, 2025 | — | $0.0840 | regular |
Income Calculator
At $1.01 / yr per share
