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

Posted by Nicole Kennedy on May 4th, 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 paid a dividend of 0.127 per share on Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend is Tuesday, May 14th.

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

BlackRock Capital Allocation Term Trust Trading Up 0.8 %

BlackRock Capital Allocation Term Trust stock traded up $0.12 during trading hours on Friday, reaching $15.93. 178,973 shares of the stock were exchanged, compared to its average volume of 303,602. The stock has a 50 day moving average of $15.80 and a two-hundred day moving average of $15.20. BlackRock Capital Allocation Term Trust has a twelve month low of $13.67 and a twelve month high of $16.82.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 8,476 shares of the stock in a transaction dated Monday, February 5th. The stock was bought at an average price of $15.40 per share, with a total value of $130,530.40. Following the completion of the purchase, the insider now directly owns 14,476,448 shares of the company’s stock, valued at approximately $222,937,299.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 1,523,227 shares of company stock worth $23,918,456 over the last quarter.