BlackRock Capital Allocation Term Trust (NYSE:BCAT) to Issue Dividend of $0.29

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.2891 per share on Friday, January 31st. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from BlackRock Capital Allocation Term Trust’s previous dividend of $0.10.

BlackRock Capital Allocation Term Trust Trading Up 1.6 %

NYSE:BCAT opened at $15.45 on Friday. The firm’s fifty day moving average price is $15.93 and its two-hundred day moving average price is $16.21. BlackRock Capital Allocation Term Trust has a one year low of $14.76 and a one year high of $17.18.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $16.27, for a total value of $466,460.90. Following the transaction, the insider now owns 14,888,870 shares in the company, valued at approximately $242,241,914.90. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 478,269 shares of company stock valued at $7,880,965.

BlackRock Capital Allocation Term Trust Company Profile

–