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

Posted by Maurice Goldstein on Nov 13th, 2024

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.2885 per share on Friday, November 29th. This represents a $3.46 annualized dividend and a yield of 21.22%. The ex-dividend date of this dividend is Friday, November 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

BCAT traded up $0.03 during trading hours on Wednesday, hitting $16.32. 343,913 shares of the stock were exchanged, compared to its average volume of 354,347. The stock has a 50-day simple moving average of $16.30 and a 200-day simple moving average of $16.30. BlackRock Capital Allocation Term Trust has a 12 month low of $14.53 and a 12 month high of $17.18.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $16.41, for a total transaction of $245,706.93. Following the transaction, the insider now directly owns 16,302,733 shares in the company, valued at $267,527,848.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 723,927 shares of company stock worth $11,925,047 over the last ninety days.