🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

BlackRock California Municipal Income Trust director buys shares for $117

Published 10/31/2024, 02:52 AM
BFZ
-

Harris Stayce D., a director at BlackRock (NYSE:BLK) California Municipal Income Trust (NYSE:BFZ), recently acquired shares in the company. On October 29, Harris purchased 10 shares of common stock at a price of $11.79 per share, amounting to a total investment of $117. This transaction brings Harris's total holdings to 10 shares, indicating a direct ownership stake. The purchase was reported in a recent SEC filing, highlighting the director's ongoing involvement with the trust.

InvestingPro Insights

While Harris Stayce D.'s recent acquisition of 10 shares in BlackRock California Municipal Income Trust (NYSE:BFZ) may seem modest, it aligns with the trust's stable financial profile. According to InvestingPro data, BFZ boasts a market capitalization of $352.05 million, reflecting its substantial presence in the municipal bond market.

The trust's commitment to shareholder value is evident in its dividend history. An InvestingPro Tip reveals that BFZ has maintained dividend payments for an impressive 24 consecutive years. This consistency is particularly attractive given the current dividend yield of 6.07%, which could be a key factor in attracting investors like Harris to increase their holdings.

Despite the relatively small purchase by the director, BFZ's financial metrics paint a picture of a solid investment. The trust has been profitable over the last twelve months, with a P/E ratio of 29.35. This profitability is supported by a robust gross profit margin of 100% for the same period, indicating efficient management of its investment portfolio.

Investors considering BFZ might be interested to know that InvestingPro offers additional insights, with 5 more tips available for this stock. These tips could provide valuable context for understanding the trust's performance and potential future direction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.