BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.2501 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 20.3%. The ex-dividend date is Thursday, October 15th.
BlackRock Capital Allocation Term Trust Stock Down 7.0%
NYSE BCAT opened at $14.79 on Friday. The company has a 50-day moving average of $15.81 and a 200-day moving average of $15.41. BlackRock Capital Allocation Term Trust has a 12 month low of $13.73 and a 12 month high of $16.20.
About BlackRock Capital Allocation Term Trust
BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.
BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.
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