BlackRock Enhanced Capital and Income Fund, Inc. (CII) To Go Ex-Dividend on June 15th

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.141 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Enhanced Capital and Income Fund Trading Up 0.6%

NYSE CII traded up $0.14 during trading on Friday, hitting $24.42. The stock had a trading volume of 59,656 shares, compared to its average volume of 89,569. BlackRock Enhanced Capital and Income Fund has a 12 month low of $20.27 and a 12 month high of $26.17. The company’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $23.34.

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in CII. CENTRAL TRUST Co acquired a new position in BlackRock Enhanced Capital and Income Fund in the 1st quarter valued at $36,000. Vermillion & White Wealth Management Group LLC acquired a new position in BlackRock Enhanced Capital and Income Fund in the 4th quarter valued at $38,000. Flagship Harbor Advisors LLC acquired a new position in BlackRock Enhanced Capital and Income Fund in the 4th quarter valued at $41,000. Root Financial Partners LLC acquired a new position in BlackRock Enhanced Capital and Income Fund in the 4th quarter valued at $41,000. Finally, US Bancorp DE grew its holdings in BlackRock Enhanced Capital and Income Fund by 662.8% in the 3rd quarter. US Bancorp DE now owns 2,647 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 2,300 shares in the last quarter.

About BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund (NYSE: CII) is a diversified, closed-end management investment company organized in 1993 that seeks to provide shareholders with high current income and capital appreciation. The fund pursues its objectives by investing primarily in a portfolio of U.S. dollar-denominated senior secured floating-rate loans (commonly referred to as bank loans), high-yield corporate debt, collateralized loan obligations (CLOs) and other credit instruments. In order to enhance returns, the fund may employ leverage through borrowings and derivative exposures.

The fund’s portfolio construction emphasizes credit quality, yield generation and risk management.