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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.2891 per share on Friday, January 31st. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous dividend of $0.10.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE:BCAT traded up $0.24 during midday trading on Friday, reaching $15.45. The company had a trading volume of 329,127 shares, compared to its average volume of 370,664. BlackRock Capital Allocation Term Trust has a 1-year low of $14.76 and a 1-year high of $17.18. The business’s 50 day moving average price is $15.94 and its 200 day moving average price is $16.21.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. sold 40,158 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $16.27, for a total transaction of $653,370.66. Following the transaction, the insider now owns 14,969,295 shares in the company, valued at approximately $243,550,429.65. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 478,269 shares of company stock worth $7,880,965.

BlackRock Capital Allocation Term Trust Company Profile

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