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

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.127 per share on Tuesday, April 30th. This represents a $1.52 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date is Friday, April 12th.

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

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT remained flat at $16.54 during mid-day trading on Wednesday. 27,851 shares of the stock were exchanged, compared to its average volume of 322,046. BlackRock Capital Allocation Term Trust has a 12-month low of $13.67 and a 12-month high of $16.82. The stock’s 50 day moving average price is $15.72 and its 200-day moving average price is $15.00.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 1,061,017 shares of BlackRock Capital Allocation Term Trust stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of $15.78 per share, with a total value of $16,742,848.26. Following the transaction, the insider now owns 16,333,600 shares in the company, valued at approximately $257,744,208. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have acquired 1,902,871 shares of company stock valued at $29,673,698.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

A number of large investors have recently made changes to their positions in the stock. MUFG Americas Holdings Corp purchased a new stake in BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $34,000. Carolinas Wealth Consulting LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the first quarter valued at approximately $79,000. BlackRock Inc. raised its position in BlackRock Capital Allocation Term Trust by 57.6% during the 1st quarter. BlackRock Inc. now owns 7,881 shares of the company’s stock worth $119,000 after buying an additional 2,881 shares during the last quarter. Comerica Bank acquired a new stake in BlackRock Capital Allocation Term Trust during the 3rd quarter valued at approximately $153,000. Finally, First Trust Advisors LP purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the 1st quarter valued at $165,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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

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