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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.2501 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 18.9%. The ex-dividend date is Friday, December 11th.

BlackRock Capital Allocation Term Trust Trading Down 0.6%

NYSE:BCAT opened at $15.90 on Friday. BlackRock Capital Allocation Term Trust has a 1 year low of $13.73 and a 1 year high of $16.20. The firm’s fifty day simple moving average is $15.83 and its 200 day simple moving average is $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.