BlackRock Capital Allocation Term Trust (NYSE:BCAT) Increases Dividend to $0.29 Per Share

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.2871 per share on Thursday, October 31st. This represents a $3.45 dividend on an annualized basis and a dividend yield of 20.91%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT opened at $16.48 on Monday. BlackRock Capital Allocation Term Trust has a twelve month low of $13.67 and a twelve month high of $17.18. The company has a 50 day moving average of $16.33 and a two-hundred day moving average of $16.26.

Insiders Place Their Bets

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $16.41, for a total value of $245,706.93. Following the transaction, the insider now directly owns 16,302,733 shares of the company’s stock, valued at $267,527,848.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 384,233 shares of company stock worth $6,325,635.

BlackRock Capital Allocation Term Trust Company Profile

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