BlackRock Capital Allocation Term Trust (NYSE:BCAT) Announces Monthly Dividend of $0.13

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.127 per share on Thursday, February 29th. This represents a $1.52 annualized dividend and a dividend yield of 9.78%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Capital Allocation Term Trust has raised its dividend by an average of 143.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

BlackRock Capital Allocation Term Trust Stock Up 0.3 %

BlackRock Capital Allocation Term Trust stock opened at $15.58 on Monday. The stock has a 50-day simple moving average of $15.09 and a 200 day simple moving average of $14.78. BlackRock Capital Allocation Term Trust has a 12-month low of $13.67 and a 12-month high of $15.72.

Insider Activity at BlackRock Capital Allocation Term Trust

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. purchased 8,476 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $15.40 per share, with a total value of $130,530.40. Following the completion of the acquisition, the insider now directly owns 14,476,448 shares of the company’s stock, valued at approximately $222,937,299.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 2,109,517 shares of company stock valued at $31,314,033 over the last ninety days.

Institutional Trading of BlackRock Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its position in BlackRock Capital Allocation Term Trust by 4.2% in the second quarter. Baird Financial Group Inc. now owns 36,506 shares of the company’s stock worth $557,000 after purchasing an additional 1,471 shares during the period. Steward Partners Investment Advisory LLC increased its position in BlackRock Capital Allocation Term Trust by 20.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,659 shares of the company’s stock worth $176,000 after purchasing an additional 2,168 shares during the period. MUFG Americas Holdings Corp acquired a new stake in BlackRock Capital Allocation Term Trust in the third quarter worth about $34,000. Ameriprise Financial Inc. increased its position in BlackRock Capital Allocation Term Trust by 6.0% in the third quarter. Ameriprise Financial Inc. now owns 49,358 shares of the company’s stock worth $715,000 after purchasing an additional 2,791 shares during the period. Finally, BlackRock Inc. increased its position in BlackRock Capital Allocation Term Trust by 57.6% in the first quarter. BlackRock Inc. now owns 7,881 shares of the company’s stock worth $119,000 after purchasing an additional 2,881 shares during the period. 31.63% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock Capital Allocation Term Trust

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Dividend History for BlackRock Capital Allocation Term Trust (NYSE:BCAT)

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