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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.2891 per share on Friday, January 31st. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from BlackRock Capital Allocation Term Trust’s previous dividend of $0.10.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BlackRock Capital Allocation Term Trust stock traded up $0.24 during midday trading on Friday, reaching $15.45. 329,127 shares of the company’s stock traded hands, compared to its average volume of 370,664. The stock has a 50 day moving average of $15.94 and a 200-day moving average of $16.21. BlackRock Capital Allocation Term Trust has a 12 month low of $14.76 and a 12 month high of $17.18.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 72,094 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $16.45, for a total value of $1,185,946.30. Following the completion of the transaction, the insider now directly owns 15,453,732 shares in the company, valued at $254,213,891.40. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 478,269 shares of company stock worth $7,880,965.

BlackRock Capital Allocation Term Trust Company Profile

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