BlackRock Capital Allocation Term Trust (BCAT) to Issue Monthly Dividend of $0.25 on December 22nd

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.2501 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 20.3%. The ex-dividend date is Friday, December 11th.

BlackRock Capital Allocation Term Trust Stock Down 7.0%

BCAT stock opened at $14.79 on Friday. The business has a fifty day moving average price of $15.81 and a 200 day moving average price of $15.41. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.73 and a fifty-two week high of $16.20.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.