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

Key Points

• Monthly dividend of $0.2607 declared; shareholders of record on March 13 will be paid on March 31, implying an annualized yield of 20.7% (ex-dividend date March 13).
• BCAT traded down 0.4% to $15.12 midday with volume 194,506 (vs. average 770,513), trading near its one-year high of $15.41 and above its 50- and 200-day moving averages ($14.79 and $14.67).
• BlackRock Capital Allocation Term Trust is a closed-end term fund targeting high current income and total return through an actively managed, multi-sector mix of corporate debt, floating-rate loans, convertibles, equity and structured credit, with institutional investors holding about 36.1% of shares.

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

BlackRock Capital Allocation Term Trust Stock Down 0.4%

NYSE:BCAT traded down $0.06 during midday trading on Wednesday, hitting $15.12. The stock had a trading volume of 194,506 shares, compared to its average volume of 770,513. The stock has a 50-day moving average of $14.79 and a 200 day moving average of $14.67. BlackRock Capital Allocation Term Trust has a one year low of $12.91 and a one year high of $15.41.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $29,000. Geneos Wealth Management Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 341.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company's stock worth $31,000 after acquiring an additional 1,582 shares during the period. N.E.W. Advisory Services LLC grew its holdings in BlackRock Capital Allocation Term Trust by 100.0% during the 4th quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company's stock worth $34,000 after acquiring an additional 1,200 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in BlackRock Capital Allocation Term Trust by 53.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,995 shares of the company's stock worth $44,000 after acquiring an additional 1,048 shares in the last quarter. Finally, McIlrath & Eck LLC increased its position in BlackRock Capital Allocation Term Trust by 971.1% during the 3rd quarter. McIlrath & Eck LLC now owns 2,999 shares of the company's stock valued at $44,000 after purchasing an additional 2,719 shares during the period. Institutional investors own 36.12% of the company's stock.

About BlackRock Capital Allocation Term Trust

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.

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