BlackRock ESG Capital Allocation Term Trust (ECAT) to Issue Monthly Dividend of $0.15 on May 31st

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.15 per share on Friday, May 31st. This represents a $1.80 dividend on an annualized basis and a yield of 10.81%. The ex-dividend date is Tuesday, May 14th.

BlackRock ESG Capital Allocation Term Trust Trading Up 1.5 %

NYSE ECAT traded up $0.25 on Friday, reaching $16.65. The company had a trading volume of 164,004 shares, compared to its average volume of 240,337. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $14.02 and a 52-week high of $17.40. The company’s fifty day moving average is $16.77 and its 200 day moving average is $16.18.

Insider Activity

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. bought 137,156 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $16.47 per share, with a total value of $2,258,959.32. Following the transaction, the insider now directly owns 25,756,311 shares in the company, valued at approximately $424,206,442.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 1,471,895 shares of company stock valued at $24,913,495 in the last ninety days.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.