BlackRock Capital Allocation Term Trust (NYSE:BCAT) Announces Dividend Increase – $0.29 Per Share

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.2885 per share on Friday, November 29th. This represents a $3.46 annualized dividend and a yield of 21.13%. The ex-dividend date is Friday, November 15th. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE BCAT traded up $0.10 on Wednesday, hitting $16.39. The company had a trading volume of 260,198 shares, compared to its average volume of 353,939. BlackRock Capital Allocation Term Trust has a 12-month low of $14.53 and a 12-month high of $17.18. The business has a 50 day moving average of $16.30 and a two-hundred day moving average of $16.30.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $16.41, for a total value of $245,706.93. Following the completion of the sale, the insider now owns 16,302,733 shares in the company, valued at approximately $267,527,848.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 723,927 shares of company stock valued at $11,925,047 in the last quarter.

BlackRock Capital Allocation Term Trust Company Profile

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