BlackRock Capital Allocation Term Trust Increases Dividend to $0.29 Per Share

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced an increase in its monthly dividend on September 12th. Shareholders who are on record as of October 15th will be entitled to receive a dividend of $0.2871 per share, payable on October 31st. This new dividend translates to an annual payout of $3.45 and a significant yield of 20.91%. The ex-dividend date falls on October 15th. This marks a substantial rise from the previous monthly dividend of just $0.10.

Analysis of BlackRock Capital Allocation Term Trust's Stock Performance

As of the latest trading session, BCAT shares saw a slight increase of $0.01, bringing the stock price to $16.48. Approximately 360,595 shares were traded, surpassing the average volume of 352,731 shares. The fifty-day simple moving average for BCAT stands at $16.33, while the two-hundred-day average is $16.26. Over the past year, the stock reached a low of $13.67 and a high of $17.18.

Recent Insider Transactions

In other developments, major stakeholder Saba Capital Management, L.P. executed a sale of 14,973 shares of BlackRock Capital Allocation Term Trust on September 19th. The shares were sold at an average price of $16.41, resulting in a total transaction value of approximately $245,706.93. Post-sale, the firm retains ownership of 16,302,733 shares, with a value nearing $267,527,848.53, reflecting a very minimal ownership change of 0.00% prior to the transaction. Recent insider activity has seen a total of 384,233 shares sold over the last three months, equating to about $6,325,635 in value.

Overview of BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust operates in the financial markets, focusing on effective capital allocation strategies. Its significant yield and recent dividend increase are indicative of its robust financial management and commitment to shareholders.

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This article aims to provide concise and factual information, helping investors stay informed about market developments concerning BlackRock Capital Allocation Term Trust.

Investment Considerations

Before making any investment decisions regarding BlackRock Capital Allocation Term Trust, potential investors might need to explore other options available. It is essential to review the recommendations of leading analysts to make informed choices.

Insights and reports from top financial analysts are crucial when considering investment in stocks such as BlackRock Capital Allocation Term Trust.

Dividend, Finance, Stocks