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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.2892 per share on Monday, December 23rd. This represents a $3.47 annualized dividend and a dividend yield of 21.26%. The ex-dividend date is Monday, December 16th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Stock Up 0.1 %

NYSE BCAT traded up $0.01 during mid-day trading on Friday, hitting $16.32. The stock had a trading volume of 528,946 shares, compared to its average volume of 356,651. The firm’s 50 day moving average is $16.20 and its 200 day moving average is $16.32. BlackRock Capital Allocation Term Trust has a twelve month low of $14.68 and a twelve month high of $17.18.

Insider Transactions at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $16.27, for a total value of $466,460.90. Following the completion of the sale, the insider now owns 14,888,870 shares of the company’s stock, valued at approximately $242,241,914.90. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 723,927 shares of company stock valued at $11,925,047 over the last 90 days.

About BlackRock Capital Allocation Term Trust

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