BlackRock Capital Allocation Term Trust (NYSE:BCAT) Declares $0.13 Monthly Dividend

Posted by Logan Wallace on May 3rd, 2024

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.127 per share on Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Capital Allocation Term Trust has raised its dividend by an average of 143.7% per year over the last three years and has raised its dividend every year for the last 1 years.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BCAT traded up $0.12 on Friday, hitting $15.93. The company’s stock had a trading volume of 178,973 shares, compared to its average volume of 303,602. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $16.82. The firm’s fifty day moving average price is $15.80 and its 200-day moving average price is $15.20.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 17,896 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $15.56 per share, for a total transaction of $278,461.76. Following the completion of the acquisition, the insider now owns 14,495,936 shares in the company, valued at $225,556,764.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 1,523,227 shares of company stock worth $23,918,456 in the last three months.