BlackRock Capital Allocation Term Trust (NYSE:BCAT) Announces Monthly Dividend of $0.25

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be given a dividend of 0.2542 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 19.0%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Capital Allocation Term Trust Stock Up 0.1%

BlackRock Capital Allocation Term Trust stock opened at $16.09 on Wednesday. BlackRock Capital Allocation Term Trust has a 1-year low of $13.73 and a 1-year high of $16.20. The company has a fifty day simple moving average of $15.77 and a 200 day simple moving average of $15.25.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Hedge funds have recently modified their holdings of the stock. Cohen & Steers Inc. increased its position in shares of BlackRock Capital Allocation Term Trust by 0.6% in the fourth quarter. Cohen & Steers Inc. now owns 1,632,657 shares of the company’s stock valued at $23,118,000 after acquiring an additional 10,000 shares during the last quarter. Bank of America Corp DE grew its stake in BlackRock Capital Allocation Term Trust by 8.9% in the second quarter. Bank of America Corp DE now owns 1,424,014 shares of the company’s stock valued at $21,560,000 after purchasing an additional 116,151 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $19,940,000. Invesco Ltd. increased its position in shares of BlackRock Capital Allocation Term Trust by 4.3% during the 3rd quarter. Invesco Ltd. now owns 1,324,286 shares of the company’s stock worth $19,586,000 after purchasing an additional 54,297 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of BlackRock Capital Allocation Term Trust by 50.2% during the 1st quarter. Royal Bank of Canada now owns 570,035 shares of the company’s stock worth $8,055,000 after purchasing an additional 190,604 shares during the last quarter. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.