BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Plans $0.28 Monthly Dividend

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.277 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 22.7%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.1%

BlackRock ESG Capital Allocation Term Trust stock traded up $0.02 during midday trading on Wednesday, hitting $14.65. 87,509 shares of the company were exchanged, compared to its average volume of 540,695. The business has a fifty day simple moving average of $15.37 and a two-hundred day simple moving average of $15.89. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $13.35 and a fifty-two week high of $17.14.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several institutional investors have recently made changes to their positions in the company. Truist Financial Corp increased its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 1.9% during the 3rd quarter. Truist Financial Corp now owns 34,169 shares of the company’s stock valued at $560,000 after purchasing an additional 628 shares in the last quarter. Fountainhead AM LLC raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 5.0% in the second quarter. Fountainhead AM LLC now owns 15,850 shares of the company’s stock worth $255,000 after acquiring an additional 750 shares during the period. US Bancorp DE raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 6.2% in the third quarter. US Bancorp DE now owns 25,491 shares of the company’s stock worth $418,000 after acquiring an additional 1,480 shares during the period. PFG Investments LLC boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 9.4% during the 3rd quarter. PFG Investments LLC now owns 20,450 shares of the company’s stock worth $335,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter valued at about $30,000.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.