BlackRock Capital Allocation Term Trust (NYSE:BCAT) Increases Dividend to $0.29 Per Share

BlackRock Capital Allocation Term Trust (NYSE:BCAT) has announced a significant increase in its monthly dividend, as reported on Thursday, September 12th. Investors who are on record by Tuesday, October 15th, will receive $0.2871 per share as a dividend payment on Thursday, October 31st. This new dividend represents an annualized rate of $3.45 and offers a remarkable yield of 20.91%. It's important to note that Tuesday, October 15th will also be the ex-dividend date for this payment. The latest dividend marks a jump from the previous monthly payout of $0.10, indicating a positive trend for shareholders.

Stock Performance of BlackRock Capital Allocation Term Trust

On Friday, shares of BCAT traded up by $0.01, reaching a price of $16.48 during mid-day trading. The trading volume for the day amounted to 360,595 shares, exceeding the average volume of 352,731 shares. The stock's fifty-day simple moving average stands at $16.33, while its two-hundred day simple moving average is recorded at $16.26. Over the past year, BlackRock Capital Allocation Term Trust has seen a low of $13.67 and a high of $17.18, reflecting its market volatility.

Recent Insider Activity

In other developments, on September 19th, major shareholder Saba Capital Management, L.P. sold a total of 14,973 shares of BlackRock Capital Allocation Term Trust. The shares were sold at an average price of $16.41, resulting in a total transaction value of approximately $245,706.93. Post-sale, this insider retains ownership of about 16,302,733 shares, valued at roughly $267.5 million. This transaction reflects a minor decline of 0.00% in their stock ownership. Concurrently, other insiders have sold around 384,233 shares valued at approximately $6.3 million over the last quarter, indicating active management decisions in their holdings.

Overview of BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust is a closed-end fund that aims to provide a total return through a diversified portfolio. The trust manages a mix of equity and fixed-income investments to achieve its financial objectives for its shareholders. Investors considering this trust should evaluate its performance metrics and strategic positioning in the market.

Should You Invest in BlackRock Capital Allocation Term Trust?

Before making any investment decisions regarding BlackRock Capital Allocation Term Trust, it's wise to gather comprehensive insights. Currently, analysts have assigned a "hold" rating to this trust. However, some of the top-rated analysts are recommending other stocks that may present more favorable investment opportunities. For those considering an investment, it’s crucial to analyze the available research and evaluate the potential returns based on market conditions.

dividend, finance, stock