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 recorded as of October 15th will receive a dividend of $0.2871 per share, which will be distributed on October 31st. This new dividend rate translates to an annualized amount of $3.45 and offers a substantial yield of 20.91%. The ex-dividend date, which is important for investors, is also set for October 15th. This adjustment marks a significant rise from the trust's previous dividend of $0.10 per share.

Stock Performance of BCAT

Following the announcement, BCAT shares saw some movement, with the stock gaining $0.01 during trading hours on Friday, reaching a price of $16.48. In total, 360,595 shares exchanged hands on that day, exceeding the average daily volume of 352,731 shares. The stock's fifty-day simple moving average stands at $16.33, while its two-hundred-day average is at $16.26. Over the past year, BlackRock Capital Allocation Term Trust's stock has fluctuated between a low of $13.67 and a high of $17.18.

Insider Transactions

In related news, Saba Capital Management, L.P., a major stakeholder in the BlackRock Capital Allocation Term Trust, sold 14,973 shares 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, Saba Capital Management retains ownership of 16,302,733 shares valued at about $267,527,848.53. This transaction reflects a negligible change of 0.00% in their overall ownership. Additionally, insider trading activity indicates that over the last quarter, insiders have divested a total of 384,233 shares valued at $6,325,635.

Overview of BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust is a mutual fund that aims to provide investors with a diversified portfolio. The fund invests in various asset classes, including stocks, bonds, and other securities, aiming to achieve long-term growth while also providing income through dividends.

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This report provides timely and comprehensive information about BlackRock Capital Allocation Term Trust, focusing on dividend announcements and market performance. It aims to keep investors informed and aid in their decision-making processes.

Considerations for Investors

As you contemplate investing in BlackRock Capital Allocation Term Trust, it's essential to analyze all relevant factors. While currently holding a "hold" rating from analysts, some suggest considering alternative investment opportunities that may yield better returns.

Would it be wise to invest in BlackRock Capital Allocation Term Trust at this moment? This is a question that requires careful thought and consideration of market conditions and personal investment goals.

dividend, stocks, investment