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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.056 per share by the investment management company on Tuesday, April 30th. This represents a $0.67 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Enhanced Equity Dividend Trust has increased its dividend by an average of 4.0% per year over the last three years.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ traded up $0.02 on Wednesday, reaching $8.19. 148,570 shares of the company were exchanged, compared to its average volume of 549,210. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.64. The company has a 50-day moving average of $8.02 and a 200-day moving average of $7.74.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of institutional investors have recently made changes to their positions in BDJ. Cowa LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter worth about $25,000. Tower Research Capital LLC TRC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at $26,000. Moneta Group Investment Advisors LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $77,000. Harbour Investments Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1,538.5% during the fourth quarter. Harbour Investments Inc. now owns 10,650 shares of the investment management company’s stock worth $82,000 after purchasing an additional 10,000 shares during the last quarter. Finally, United Capital Financial Advisers LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $84,000.

About BlackRock Enhanced Equity Dividend Trust

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BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.

Further Reading

Dividend History for BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

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