BlackRock Capital Allocation Term Trust (NYSE:BCAT) to Issue $0.25 Monthly Dividend

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.2501 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 18.9%. The ex-dividend date is Thursday, October 15th.

BlackRock Capital Allocation Term Trust Stock Down 0.6%

Shares of NYSE:BCAT opened at $15.90 on Friday. BlackRock Capital Allocation Term Trust has a 52 week low of $13.73 and a 52 week high of $16.20. The business has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $15.42.

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.