BlackRock Capital Allocation Term Trust
BCATFinancial Services · Stock · monthly payer
Forward Yield
19.19%
Annual Dividend
$3.05
Payout Ratio
155%
5-Yr Growth
21.6%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, BlackRock Capital Allocation Term Trust (BCAT) yields 19.19% ($3.05 per share annually), with a blended fair-value estimate of $37.24 — +133% upside, so it screens as undervalued. Dividend safety grade: D (42/100). 3 years of dividend growth.
Is BCAT a good dividend stock?
MixedBlackRock Capital Allocation Term Trust (BCAT) pays a monthly dividend yielding 19.19% ($3.05/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 21.6% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (155%)
- 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
- 19.19%
- Payout Ratio
- 155%
- Annual Dividend
- $3.05
- 5-Yr Avg Growth
- 21.6%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- —
- Market Cap
- $1.7B
- P/E Ratio
- 7.5
- 5-Yr Total Return
- -21%
- 52-Week Range
- $13.73 – $16.20
- Dividend Safety
- D · 42/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
BCAT Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+10%
5 Years
-21%
52-Week Range
$13.73 – $16.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BCAT worth?
Undervaluedlow confidenceOur blended fair-value estimate for BlackRock Capital Allocation Term Trust is $37.24 per share, versus a market price of $16.00. That implies 133% of upside — a margin of safety of about 57%.
Fair Value
$37.24
Current Price
$16.00
Upside
+133%
Margin of Safety
57%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.13 EPS, $3.05 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BCAT Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.2540 | regular |
| Jul 15, 2026 | — | $0.2540 | regular |
| Jun 15, 2026 | — | $0.2580 | regular |
| May 15, 2026 | — | $0.2580 | regular |
| Apr 15, 2026 | — | $0.2580 | regular |
| Mar 13, 2026 | — | $0.2610 | regular |
| Feb 13, 2026 | — | $0.2610 | regular |
| Jan 20, 2026 | — | $0.2610 | regular |
| Dec 22, 2025 | — | $0.2620 | regular |
| Nov 14, 2025 | — | $0.2650 | regular |
| Oct 15, 2025 | — | $0.2680 | regular |
| Sep 15, 2025 | — | $0.2700 | regular |
| Aug 15, 2025 | — | $0.2720 | regular |
| Jul 15, 2025 | — | $0.2750 | regular |
Income Calculator
At $3.05 / yr per share
