BlackRock Capital Allocation Term Trust (NYSE:BCAT) Raises Dividend to $0.29 Per Share

Posted by Amy Steele on Oct 13th, 2024

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.2871 per share on Thursday, October 31st. This represents a $3.45 dividend on an annualized basis and a dividend yield of 20.91%. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT stock traded up $0.01 during mid-day trading on Friday, reaching $16.48. 360,595 shares of the stock traded hands, compared to its average volume of 352,731. The stock’s fifty day simple moving average is $16.33 and its two-hundred day simple moving average is $16.26. BlackRock Capital Allocation Term Trust has a 1-year low of $13.67 and a 1-year high of $17.18.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $16.41, for a total transaction of $245,706.93. Following the sale, the insider now directly owns 16,302,733 shares of the company’s stock, valued at approximately $267,527,848.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 384,233 shares of company stock valued at $6,325,635.