BlackRock Capital Allocation Term Trust (NYSE:BCAT) Announces Monthly Dividend of $0.26

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.2579 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 19.3%. The ex-dividend date is Monday, June 15th.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT traded up $0.08 during trading hours on Friday, reaching $16.04. The stock had a trading volume of 1,060,651 shares, compared to its average volume of 723,504. BlackRock Capital Allocation Term Trust has a twelve month low of $13.73 and a twelve month high of $16.05. The business’s fifty day moving average is $15.27 and its two-hundred day moving average is $14.83.

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.