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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.127 per share on Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend is Tuesday, May 14th.

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

BlackRock Capital Allocation Term Trust Price Performance

NYSE BCAT traded up $0.12 during trading hours on Friday, hitting $15.93. The company had a trading volume of 178,973 shares, compared to its average volume of 303,602. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $16.82. The business has a fifty day simple moving average of $15.80 and a 200-day simple moving average of $15.20.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 1,061,017 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $15.78 per share, for a total transaction of $16,742,848.26. Following the completion of the purchase, the insider now owns 16,333,600 shares of the company’s stock, valued at $257,744,208. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders bought 1,523,227 shares of company stock worth $23,918,456.

About BlackRock Capital Allocation Term Trust

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