BlackRock Capital Allocation Term Trust (BCAT) to Issue Monthly Dividend of $0.26 on May 29th

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be given a dividend of 0.2579 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 19.8%. The ex-dividend date is Friday, May 15th.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BCAT stock opened at $15.67 on Wednesday. The company’s fifty day simple moving average is $14.82 and its 200-day simple moving average is $14.64. BlackRock Capital Allocation Term Trust has a 12 month low of $13.73 and a 12 month high of $15.71.

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.