BlackRock Capital Allocation Term Trust (NYSE:BCAT) Declares Dividend Increase – $0.29 Per Share

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

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT traded up $0.24 during trading hours on Friday, hitting $15.45. 329,127 shares of the stock were exchanged, compared to its average volume of 370,664. The company’s fifty day simple moving average is $15.94 and its two-hundred day simple moving average is $16.21. BlackRock Capital Allocation Term Trust has a 1-year low of $14.76 and a 1-year high of $17.18.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $16.27, for a total value of $466,460.90. Following the sale, the insider now directly owns 14,888,870 shares in the company, valued at approximately $242,241,914.90. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 478,269 shares of company stock worth $7,880,965 over the last three months.

BlackRock Capital Allocation Term Trust Company Profile

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