BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0619 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Friday, March 13th.
BlackRock Enhanced Equity Dividend Trust Trading Up 0.2%
Shares of BDJ traded up $0.02 during midday trading on Wednesday, reaching $9.08. 134,510 shares of the company were exchanged, compared to its average volume of 416,401. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.16 and a 1-year high of $9.76. The stock has a 50-day moving average price of $9.53 and a 200-day moving average price of $9.24.
Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust
Several hedge funds and other institutional investors have recently bought and sold shares of BDJ. United Financial Planning Group LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth approximately $26,000. Harbor Investment Advisory LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $28,000. Atlantic Union Bankshares Corp acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth $32,000. Optima Capital LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at $35,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at $37,000.
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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