BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) major shareholder Saba Capital Management, L.P. sold 15,894 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $16.41, for a total transaction of $260,820.54. Following the completion of the transaction, the insider now owns 16,317,706 shares of the company’s stock, valued at $267,773,555.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
BlackRock Capital Allocation Term Trust Stock Performance
BCAT opened at $16.41 on Friday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $17.18. The firm’s fifty day moving average is $16.33 and its 200 day moving average is $16.19.
BlackRock Capital Allocation Term Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.2871 dividend. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, October 15th. This represents a $3.45 dividend on an annualized basis and a dividend yield of 21.00%.
Institutional Trading of BlackRock Capital Allocation Term Trust
About BlackRock Capital Allocation Term Trust
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