BlackRock Capital Allocation Term Trust Increases Monthly Dividend

BlackRock Capital Allocation Term Trust (NYSE:BCAT) has made a significant announcement regarding its monthly dividend. On Thursday, September 12th, the company declared a new dividend of $0.2871 per share. This dividend will be paid to stockholders on record as of Tuesday, October 15th, with payment scheduled for Thursday, October 31st. This recent declaration marks a notable increase from the previous monthly dividend of $0.10, bringing the annualized dividend to $3.45 and providing a strong yield of 20.91%. The ex-dividend date for this payout is also set for Tuesday, October 15th.

Performance of BCAT Stock

During trading on Friday, shares of BlackRock Capital Allocation Term Trust experienced a slight uptick of $0.01, reaching a price of $16.48. The trading volume was substantial, with 360,595 shares changing hands, surpassing the average daily volume of 352,731 shares. Over recent months, the stock has displayed a fifty-day simple moving average of $16.33 and a two-hundred-day simple moving average of $16.26. On the performance front, BCAT has reached a one-year low of $13.67 and a one-year high of $17.18.

Recent Insider Transactions

In related news, Saba Capital Management, L.P., a major shareholder, has sold 14,973 shares of BlackRock Capital Allocation Term Trust as part of a transaction on Thursday, September 19th. The shares were sold at an average price of $16.41, resulting in a total value of approximately $245,706.93 for this transaction. Despite the sale, the major shareholder continues to hold a significant position in the company, retaining 16,302,733 shares valued at about $267,527,848.53. This transaction has led to a negligible reduction of 0.00% in their overall holdings. Notably, insiders have sold 384,233 shares in the last three months, totaling about $6,325,635 in value.

Understanding BlackRock Capital Allocation Term Trust

This Trust is focused on capital allocation and aims to offer attractive returns through its investments. With its recent increase in dividends, the trust is signaling confidence and a commitment to delivering value to its shareholders.

Additional Resources

• Considerations Before Investing in BCAT Shares
• Understanding the Impact of Dividends on Stock Performance
• Exploring Investment Strategies for High-Yield Stocks
• Market Trends and What They Mean for Investors
• The Role of Insider Trading in Stock Valuation

dividend, investment, stocks