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BCAT CEF — BlackRock Capital Allocation Term Trust
BlackRock Capital Allocation Term Trust (BCAT)
Updated November 12, 2026.
Verdict as of November 12, 2026 close
BCAT's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (60/100, high confidence). It pays monthly and its distribution rate is 22.74%. The latest total cash payment per current share, $0.2501 with an ex-date of November 13, 2026, was unchanged from the previous payment.
Sources: BlackRock page for BCAT, Section 19a-1 notices, scoring methodology.
BCAT is a CEF. Its distribution rate is 22.74%, its trailing-12-month yield is 25.35%. Dividend Vision Distribution Safety Score™ is 60/100 (Generally safe). Total return is 47.5% over the past 6.1 years, 102.2 points behind SPY at 149.7%.
At the current 22.74% distribution rate, a $10,000 investment would generate approximately $2,274 per year, or $189.50 per month.
BCAT dividend yield and income
Price as of 2026-11-12.
The distribution rate (22.74%) uses latest regular dividend ($0.25012) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Trailing-12-month yield (25.35%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.2501. The ex-dividend date is 11/13/2026. The payment date is 11/30/2026. At the current 22.74% distribution rate, a $10,000 investment would generate approximately $2,274 per year, or $189.50 per month.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-11-13 | $0.25012 | 0.0% Total cash (unclassified) |
| 2026-10-15 | $0.25 | -1.6% Total cash (unclassified) |
| 2026-09-15 | $0.254 | 0.0% Total cash (unclassified) |
| 2026-08-14 | $0.254 | 0.0% Total cash (unclassified) |
| 2026-07-15 | $0.254 | -1.6% Total cash (unclassified) |
| 2026-06-15 | $0.258 | 0.0% Total cash (unclassified) |
| 2026-05-15 | $0.258 | 0.0% Total cash (unclassified) |
| 2026-04-15 | $0.258 | -1.1% Total cash (unclassified) |
| 2026-03-13 | $0.261 | 0.0% Total cash (unclassified) |
| 2026-02-13 | $0.261 | 0.0% Total cash (unclassified) |
| 2026-01-20 | $0.261 | -0.4% Total cash (unclassified) |
| 2025-12-22 | $0.262 | -1.1% Total cash (unclassified) |
| 2025-11-14 | $0.265 | -1.1% Total cash (unclassified) |
| 2025-10-15 | $0.268 | -0.7% Total cash (unclassified) |
| 2025-09-15 | $0.27 | -0.7% Total cash (unclassified) |
| 2025-08-15 | $0.272 | -1.1% Total cash (unclassified) |
| 2025-07-15 | $0.275 | -1.1% Total cash (unclassified) |
| 2025-06-13 | $0.278 | -1.1% Total cash (unclassified) |
| 2025-05-15 | $0.281 | -1.4% Total cash (unclassified) |
| 2025-04-15 | $0.285 | -0.7% Total cash (unclassified) |
| 2025-03-14 | $0.287 | -0.3% Total cash (unclassified) |
| 2025-02-14 | $0.288 | -0.3% Total cash (unclassified) |
| 2025-01-15 | $0.289 | 0.0% Total cash (unclassified) |
| 2024-12-16 | $0.289 | 0.0% Total cash (unclassified) |
| 2024-11-15 | $0.289 | 0.7% Total cash (unclassified) |
| 2024-10-15 | $0.287 | 0.0% Total cash (unclassified) |
| 2024-09-16 | $0.287 | 0.0% Total cash (unclassified) |
| 2024-08-15 | $0.287 | 0.0% Total cash (unclassified) |
| 2024-07-15 | $0.287 | 0.7% Total cash (unclassified) |
| 2024-06-14 | $0.285 | 122.7% Total cash (unclassified) |
| 2024-05-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2024-04-12 | $0.128 | 0.0% Total cash (unclassified) |
| 2024-03-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2024-02-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2024-01-11 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-12-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-11-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-10-13 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-09-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-08-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-07-13 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-06-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-05-12 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-04-13 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-03-14 | $0.128 | 0.0% Total cash (unclassified) |
| 2023-02-14 | $0.128 | 23.1% Total cash (unclassified) |
| 2023-01-12 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-12-15 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-11-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-10-13 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-09-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-08-12 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-07-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-06-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-05-13 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-04-13 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-03-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-02-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2022-01-13 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-12-16 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-11-12 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-10-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-09-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-08-13 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-07-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-06-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-05-13 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-04-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-03-12 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-02-12 | $0.104 | 0.0% Total cash (unclassified) |
| 2021-01-14 | $0.104 | 0.0% Total cash (unclassified) |
| 2020-12-14 | $0.104 | — |
| 2020 total | $0.104 | — |
| 2021 total | $1.248 | 1100.0% |
| 2022 total | $1.248 | 0.0% |
| 2023 total | $1.512 | 21.2% |
| 2024 total | $2.651 | 75.3% |
| 2025 total | $3.32 | 25.2% |
| 2026 YTD total | $2.81912 | -7.8% vs prior-year YTD |
BCAT dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -7.9%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -7.9% |
| 3Y | 107.1% |
| 5Y | 21.8% |
BCAT performance versus SPY
Total return is 47.5% over the past 6.1 years, 102.2 points behind SPY at 149.7%. Over the past year its total return — price change plus distributions reinvested — is 10.7%. Its deepest 1-year drawdown was 16.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -2.0% | — |
| 3M | -13.4% | — |
| 6M | -6.9% | — |
| YTD | 10.6% | — |
| 1Y | 10.7% | — |
| 2Y CAGR | — | 11.60% |
| 3Y CAGR | — | 17.00% |
| 5Y CAGR | — | 6.90% |
| Since 2020-09-25 (first price on file) · 6.1 years | 47.5% | 6.60% |
BCAT key facts
- Distribution Safety Score™
- 60 · Generally safe
- Safety-Adjusted Yield
- 13.64%
- Issuer
- BlackRock
- Asset type
- CEF
- Asset class
- Equity
- Distribution rate
- 22.74%
- Distribution frequency
- Monthly
- Trailing yield
- 25.35%
- 5-year average yield
- 11.67
- Last close
- $13.20 (as of 2026-11-12)
- NAV
- N/A
- Premium / discount
- Premium not shown · NAV date unknown
- Market cap
- $1,458,700,928
- Average volume
- 818,398
- Dividend
- $0.2501
- Ex-dividend date
- 11/13/2026
- Payment date
- 11/30/2026
- Beta
- 0.6234
Expense ratio and AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage.
How Dividend Vision calculates yield and returns
Distribution rate (22.74%) uses latest regular dividend ($0.25012) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (25.35%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: BlackRock or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BCAT risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.1%.
Who may consider BCAT — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on BCAT
Frequently asked questions
Does BCAT pay monthly?
Yes. BCAT currently pays monthly.
What is BCAT's dividend yield?
BCAT's distribution rate is 22.74%, paid monthly — latest regular dividend ($0.25012) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included.
How has BCAT's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -7.9%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does BCAT pay a dividend?
BCAT pays monthly. The dividend amount is $0.2501. The ex-dividend date is 11/13/2026. The payment date is 11/30/2026.
How has BCAT performed?
Total return is 47.5% over the past 6.1 years, 102.2 points behind SPY at 149.7%. Over the past year its total return — price change plus distributions reinvested — is 10.7%. Its deepest 1-year drawdown was 16.1%.
Is BCAT a good investment?
BCAT's Dividend Vision Distribution Safety Score is 60 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 22.74% (latest regular dividend ($0.25012) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included). Compare peers below rather than treating any single figure as a buy or sell.
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Tickers
BCAT's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (60/100, high confidence). It pays monthly and its distribution rate is 22.74%. The latest total cash payment per current share, $0.2501 with an ex-date of November 13, 2026, was unchanged from the previous payment.
Sources: BlackRock page for BCAT, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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