BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) shot up 0.7% during mid-day trading on Monday . The stock traded as high as $15.92 and last traded at $15.8650. Approximately 741,994 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 724,242 shares. The stock had previously closed at $15.76.
BlackRock Capital Allocation Term Trust Trading Up 0.7%
The business’s 50-day moving average is $15.74 and its two-hundred day moving average is $15.19.
BlackRock Capital Allocation Term Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.2542 dividend. This represents a c) dividend on an annualized basis and a yield of 19.2%. The ex-dividend date of this dividend is Tuesday, September 15th.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
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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