BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Plans Monthly Dividend of $0.15

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.15 per share on Friday, May 31st. This represents a $1.80 annualized dividend and a yield of 10.81%. The ex-dividend date is Tuesday, May 14th.

BlackRock ESG Capital Allocation Term Trust Stock Performance

NYSE ECAT traded up $0.25 during trading hours on Friday, hitting $16.65. 164,004 shares of the company’s stock were exchanged, compared to its average volume of 240,337. The business’s 50 day moving average is $16.77 and its 200-day moving average is $16.18. BlackRock ESG Capital Allocation Term Trust has a 12-month low of $14.02 and a 12-month high of $17.40.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 98,842 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $16.75 per share, for a total transaction of $1,655,603.50. Following the completion of the purchase, the insider now directly owns 25,937,542 shares of the company’s stock, valued at approximately $434,453,828.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 1,471,895 shares of company stock worth $24,913,495 over the last three months.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.