BlackRock Enhanced Equity Dividend Trust to Issue Monthly Dividend of $0.06 (NYSE:BDJ)

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) announced a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be given a dividend of 0.0619 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, October 15th.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ stock opened at $9.62 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.42 and a 52 week high of $9.95. The stock’s fifty day moving average is $9.75 and its 200-day moving average is $9.36.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.