BlackRock Capital Allocation Term Trust (BCAT) To Go Ex-Dividend on March 13th

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.2607 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 20.7%. The ex-dividend date is Friday, March 13th.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT traded down $0.07 during mid-day trading on Wednesday, reaching $15.12. 459,430 shares of the company’s stock were exchanged, compared to its average volume of 775,579. The business’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $14.67. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $15.41.

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.