BlackRock Capital Allocation Term Trust (BCAT) to Issue Monthly Dividend of $0.29 on January 31st

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.2891 per share on Friday, January 31st. This represents a $3.47 dividend on an annualized basis and a dividend yield of 22.44%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Trading Down 0.1 %

Shares of BCAT stock opened at $15.46 on Monday. The stock has a fifty day simple moving average of $15.88 and a two-hundred day simple moving average of $16.19. BlackRock Capital Allocation Term Trust has a 52-week low of $14.81 and a 52-week high of $17.18.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $16.27, for a total value of $466,460.90. Following the completion of the transaction, the insider now directly owns 14,888,870 shares of the company’s stock, valued at approximately $242,241,914.90. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 107,613 shares of company stock valued at $1,752,803 in the last three months.

BlackRock Capital Allocation Term Trust Company Profile

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