BlackRock Capital Allocation Term Trust (NYSE:BCAT) Raises Dividend to $0.29 Per Share

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.2892 per share on Monday, December 23rd. This represents a $3.47 annualized dividend and a dividend yield of 21.26%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Stock Up 0.1 %

Shares of BCAT stock traded up $0.01 during trading on Friday, hitting $16.32. 528,946 shares of the stock traded hands, compared to its average volume of 356,651. BlackRock Capital Allocation Term Trust has a 52-week low of $14.68 and a 52-week high of $17.18. The firm’s fifty day moving average price is $16.20 and its 200-day moving average price is $16.32.

Insiders Place Their Bets

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of BlackRock Capital Allocation Term Trust stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $16.27, for a total transaction of $466,460.90. Following the completion of the sale, the insider now directly owns 14,888,870 shares in the company, valued at $242,241,914.90. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 723,927 shares of company stock valued at $11,925,047 over the last quarter.

BlackRock Capital Allocation Term Trust Company Profile

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