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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.2607 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 21.1%. The ex-dividend date is Tuesday, January 20th.

BlackRock Capital Allocation Term Trust Stock Performance

NYSE:BCAT opened at $14.82 on Friday. The firm has a 50-day moving average price of $14.36 and a two-hundred day moving average price of $14.69. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $15.91.

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.