SmarterDividends
BCAT

BlackRock Capital Allocation Term Trust

BCAT

Financial Services · Asset Management · Stock · monthly payer

$13.28

Undervalued · +125% Add to Portfolio

Forward Yield

22.60%

Annual Dividend

$3.00

Payout Ratio

132%

5-Yr Growth

21.6%

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about BCAT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, BlackRock Capital Allocation Term Trust (BCAT) has a forward dividend yield of 22.60%, based on an annual dividend of $3.00 per share and a share price of $13.28.
  • As of Oct 27, 2026, BCAT's dividend safety grade from SmarterDividends is D (41 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, BlackRock Capital Allocation Term Trust (BCAT) has raised its dividend for 3 consecutive years as of Oct 27, 2026.
  • BCAT last cut its regular dividend in 2025.
  • BCAT's next ex-dividend date is Nov 13, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, BCAT pays out 132% of its trailing 12-month earnings as dividends (its payout ratio).
  • BCAT's dividend has grown at an average rate of 21.6% a year over the past five years.
  • As of Oct 27, 2026, BCAT's 22.60% yield is 79% above its five-year average yield of 12.63%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for BCAT is $29.91 per share, 125% above the $13.28 share price, so BCAT screens as undervalued.
  • BlackRock Capital Allocation Term Trust (BCAT) pays its dividend monthly, 12 times a year.
  • BlackRock Capital Allocation Term Trust (BCAT) has raised its regular dividend 4 times and cut it 9 times across the 71 payments on record since 2020. Its most recent change was a 1.6% cut to $0.250 per share, going ex-dividend on Oct 15, 2026.
Cite this page

SmarterDividends, "BCAT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/BCAT

Summary

As of Oct 27, 2026, BlackRock Capital Allocation Term Trust (BCAT) yields 22.60% ($3.00 a year per share), has a dividend safety grade of D (41/100) and has 3 consecutive years of dividend increases on record.

Is BCAT a good dividend stock?

Higher risk

BlackRock Capital Allocation Term Trust (BCAT) pays a monthly dividend yielding 22.60% ($3.00/yr), with 3 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Advantages

  • Strong 21.6% 5-yr dividend growth

Risks

  • Cut its dividend in 2025
  • Elevated payout ratio (132%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years
  • Below-average dividend safety score

Key Data

Dividend Yield
22.60%
Payout Ratio
132%
Annual Dividend
$3.00
5-Yr Avg Growth
21.6%
Ex-Dividend Date
Nov 13, 2026
Years of Growth
3
Frequency
monthly
Beta
—
Market Cap
$1.4B
P/E Ratio
5.5
5-Yr Total Return
-30%
52-Week Range
$12.92 – $16.20
Dividend Safety
D · 41/100
Ever Cut?
Yes (2025)

BCAT dividend raises and cuts

BlackRock Capital Allocation Term Trust (BCAT) has raised its regular dividend 4 times and cut it 9 times across the 71 payments on record since 2020. Its most recent change was a 1.6% cut to $0.250 per share, going ex-dividend on Oct 15, 2026.

Ex-dateChangeOld → newMove
Oct 15, 2026Cut$0.254 → $0.250−1.6%
Jul 15, 2026Cut$0.258 → $0.254−1.6%
Apr 15, 2026Cut$0.261 → $0.258−1.1%
Dec 22, 2025Cut$0.265 → $0.262−1.1%
Nov 14, 2025Cut$0.268 → $0.265−1.1%
Aug 15, 2025Cut$0.275 → $0.272−1.1%
Jul 15, 2025Cut$0.278 → $0.275−1.1%
Jun 13, 2025Cut$0.281 → $0.278−1.1%
May 15, 2025Cut$0.285 → $0.281−1.4%
Nov 15, 2024Raise$0.287 → $0.289+0.7%
Jul 15, 2024Raise$0.285 → $0.287+0.7%
Jun 14, 2024Raise$0.128 → $0.285+122.7%
Show all 13 changes since 2023
Ex-dateChangeOld → newMove
Feb 14, 2023Raise$0.104 → $0.128+23.1%
Every BCAT payment →Download every raise and cut (CSV)
BCAT ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →BCAT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BCAT a good dividend stock?

Higher risk. BlackRock Capital Allocation Term Trust (BCAT) pays a monthly dividend yielding 22.60% ($3.00/yr), with 3 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Is BCAT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BCAT's fair value is about $29.91 versus a $13.28 share price — so it looks undervalued (+125% vs. fair value).

Is BCAT's dividend safe?

BCAT has a dividend-safety grade of D (41/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is BCAT's fair value?

Our blended fair-value estimate for BCAT is about $29.91 per share, roughly 125% above the current $13.28 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BCAT a buy, hold, or sell?

We don't issue formal ratings, but on the data BCAT screens as "higher risk" and undervalued. BlackRock Capital Allocation Term Trust (BCAT) pays a monthly dividend yielding 22.60% ($3.00/yr), with 3 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

Will BCAT cut its dividend?

BCAT earns a dividend-safety grade of D (41/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BCAT pay a dividend?

Yes. BlackRock Capital Allocation Term Trust pays a monthly dividend of about $3.00 per share annually, a forward yield of roughly 22.60%.

What is BCAT's dividend yield?

As of Oct 27, 2026, BCAT's forward dividend yield is 22.60%, based on a $3.00 annual dividend and a $13.28 share price.

What is BCAT's dividend per share?

As of Oct 27, 2026, BCAT pays $3.00 per share per year, distributed on a monthly basis.

What is BCAT's dividend payout ratio?

As of Oct 27, 2026, BCAT's payout ratio is 132% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BCAT grown its dividend?

As of Oct 27, 2026, BCAT has increased its dividend for 3 consecutive years.

When is the next BCAT ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for BCAT is Nov 13, 2026.

Income Calculator

At $3.00 / yr per share

Per payment (monthly)$25.00
Annual$300.00
Monthly avg$25.00

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