BlackRock Capital Allocation Term Trust (NYSE:BCAT) Increases Dividend to $0.29 per Share

BlackRock Capital Allocation Term Trust (NYSE:BCAT) has revealed a new monthly dividend, as reported on September 12th. Shareholders of record by October 15th will receive a dividend of 0.2871 per share on October 31st. This figure marks an annualized dividend of $3.45, representing a significant yield of 20.91%. Notably, the ex-dividend date is also set for October 15th, making it essential for investors who wish to benefit from this payment. This announcement is a positive update from the Trust's former monthly dividend of $0.10.

Performance of BlackRock Capital Allocation Term Trust Stock

On the trading floor, BCAT shares experienced a modest uptick of $0.01, reaching $16.48 on Friday. The trading volume stood at 360,595 shares, which is slightly above its average volume of 352,731. When looking at the stock’s moving averages, the fifty-day simple moving average is $16.33, and the two-hundred-day simple moving average is $16.26. For context, BCAT has seen a one-year low of $13.67 and a one-year high of $17.18.

Insider Transactions

Recent insider activity showed that Saba Capital Management, L.P., a major shareholder, sold 14,973 shares on September 19th at an average price of $16.41, amounting to a total transaction value of $245,706.93. Post-sale, they retained ownership of 16,302,733 shares, bringing their total holding to approximately $267,527,848.53. This sale accounts for a negligible 0.00% reduction in their stake. Relevant details of this transaction were filed with the SEC and can be accessed through their website. In the last three months, insiders have sold 384,233 shares valued at approximately $6,325,635.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust is known for its investment strategies aimed at providing optimal financial solutions to its shareholders. The Trust continues to monitor market conditions to inform its investment decisions.

Investment Consideration

Investors considering BlackRock Capital Allocation Term Trust may want to take into account all available information before making decisions. Currently, despite a general consensus leaning towards a "hold" rating amongst analysts, there are indications that other stocks may present stronger performance metrics.

Dividend, Investment, Trust