BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.0619 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, September 15th.
BlackRock Enhanced Equity Dividend Trust Stock Performance
Shares of BDJ stock opened at $9.70 on Friday. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $9.36. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $8.42 and a fifty-two week high of $9.95.
Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust
Several hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 11.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 1,281 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.6% during the 2nd quarter. Invesco Ltd. now owns 2,312,750 shares of the investment management company’s stock worth $20,560,000 after purchasing an additional 122,923 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter valued at approximately $226,000. Cerity Partners LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter valued at approximately $3,451,000. Finally, NewEdge Advisors LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 11.3% in the second quarter. NewEdge Advisors LLC now owns 44,694 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 4,538 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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