BlackRock ESG Capital Allocation Term Trust Announces Monthly Dividend of $0.15 (NYSE:ECAT)

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

BlackRock ESG Capital Allocation Term Trust Trading Up 1.5 %

ECAT traded up $0.25 during trading hours on Friday, hitting $16.65. The stock had a trading volume of 164,004 shares, compared to its average volume of 240,337. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $14.02 and a 1 year high of $17.40. The company’s fifty day simple moving average is $16.77 and its 200 day simple moving average is $16.18.

Insiders Place Their Bets

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. acquired 137,156 shares of BlackRock ESG Capital Allocation Term Trust stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $16.47 per share, for a total transaction of $2,258,959.32. Following the purchase, the insider now owns 25,756,311 shares of the company’s stock, valued at $424,206,442.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 1,471,895 shares of company stock worth $24,913,495 over the last quarter.

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.