BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) announced a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0619 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, May 15th.
BlackRock Enhanced Equity Dividend Trust Stock Down 0.2%
BDJ opened at $9.13 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.38 and a 52 week high of $9.76. The business’s fifty day simple moving average is $9.02 and its 200 day simple moving average is $9.21.
Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust
Several hedge funds have recently modified their holdings of BDJ. Raymond James Financial Inc. raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 1.6% in the third quarter. Raymond James Financial Inc. now owns 4,044,382 shares of the investment management company’s stock valued at $36,844,000 after buying an additional 63,639 shares during the last quarter. Invesco Ltd. boosted its position in BlackRock Enhanced Equity Dividend Trust by 3.1% during the third quarter. Invesco Ltd. now owns 2,384,703 shares of the investment management company’s stock worth $21,725,000 after acquiring an additional 71,953 shares during the last quarter. Guggenheim Capital LLC grew its stake in BlackRock Enhanced Equity Dividend Trust by 11.4% in the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock worth $21,784,000 after acquiring an additional 234,887 shares during the period. LPL Financial LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 3.0% in the 4th quarter. LPL Financial LLC now owns 1,866,062 shares of the investment management company’s stock valued at $17,690,000 after acquiring an additional 54,826 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in BlackRock Enhanced Equity Dividend Trust by 1.8% in the 4th quarter. Stifel Financial Corp now owns 1,132,105 shares of the investment management company’s stock valued at $10,732,000 after acquiring an additional 20,177 shares during the last quarter.
About BlackRock Enhanced Equity Dividend Trust
BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.
Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.
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