BlackRock Capital Allocation Term Trust (NYSE:BCAT) Announces Dividend Increase – $0.29 Per Share

by · The Markets Daily

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Investors 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 annualized dividend and a yield of 20.91%. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Trading Up 0.1 %

Shares of NYSE:BCAT opened at $16.48 on Monday. The firm’s 50-day moving average is $16.33 and its two-hundred day moving average is $16.26. BlackRock Capital Allocation Term Trust has a 1 year low of $13.67 and a 1 year high of $17.18.

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 business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $16.41, for a total transaction of $245,706.93. Following the sale, the insider now directly owns 16,302,733 shares in the company, valued at $267,527,848.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 384,233 shares of company stock worth $6,325,635 over the last three months.

BlackRock Capital Allocation Term Trust Company Profile

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