BCAT CEF — BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (BCAT)

BCAT is a low-cost CEF. its distribution rate is 21.23%, its trailing-12-month yield is 22.02%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Total return is 55.1% over the past 6 years, 100.0 points behind SPY at 155.1%.

At the current 21.23% distribution rate, a $10,000 investment would generate approximately $2,123 per year, or $176.92 per month.

BCAT performance versus SPY

Price and return data through 2026-09-21.

Total return is 55.1% over the past 6 years, 100.0 points behind SPY at 155.1%. Over the past year its total return — price change plus distributions reinvested — is 17.4%. Its deepest 1-year drawdown was 10.5%.

BCAT key facts

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

17.41%

Issuer

BlackRock

Asset type

CEF

Asset class

Equity

Distribution rate

21.23%

Distribution frequency

Monthly

Trailing yield

22.02%

5-year average yield

13.49

Last close

$14.14 (as of 2026-09-21)

NAV

N/A

Premium / discount

N/A

Market cap

$1,517,820,928

Average volume

1235587.0

Next dividend

$0.2501

Next ex-dividend date

10/15/2026

Next payment date

10/30/2026

Beta

0.6234

How Dividend Vision calculates yield and returns

Distribution rate (21.23%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (22.02%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

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 10.5%.

Who may consider BCAT — and who may not

BCAT may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. 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.

Frequently asked questions

More securities from BlackRock.