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

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.127 per share on Tuesday, April 30th. This represents a $1.52 annualized dividend and a yield of 9.23%. The ex-dividend date of this dividend is Friday, April 12th.

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

BlackRock Capital Allocation Term Trust Price Performance

BCAT traded down $0.03 during trading on Wednesday, hitting $16.51. 16,497 shares of the company traded hands, compared to its average volume of 321,845. BlackRock Capital Allocation Term Trust has a one year low of $13.67 and a one year high of $16.82. The stock’s fifty day moving average is $15.72 and its 200 day moving average is $15.00.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 32,410 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was bought at an average cost of $14.88 per share, for a total transaction of $482,260.80. Following the completion of the transaction, the insider now owns 13,656,032 shares of the company’s stock, valued at $203,201,756.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,902,871 shares of company stock worth $29,673,698 over the last quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. MUFG Americas Holdings Corp purchased a new position in shares of BlackRock Capital Allocation Term Trust in the third quarter worth $34,000. Carolinas Wealth Consulting LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the first quarter worth $79,000. BlackRock Inc. increased its stake in shares of BlackRock Capital Allocation Term Trust by 57.6% in the first quarter. BlackRock Inc. now owns 7,881 shares of the company’s stock worth $119,000 after buying an additional 2,881 shares during the period. Comerica Bank purchased a new position in shares of BlackRock Capital Allocation Term Trust in the third quarter worth $153,000. Finally, First Trust Advisors LP purchased a new position in shares of BlackRock Capital Allocation Term Trust in the first quarter worth $165,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

About BlackRock Capital Allocation Term Trust

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Dividend History for BlackRock Capital Allocation Term Trust (NYSE:BCAT)

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