BlackRock Enhanced Equity Dividend Trust (BDJ) to Issue Monthly Dividend of $0.06 on March 31st

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) 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 of this dividend is Friday, March 13th.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.2%

Shares of NYSE:BDJ traded down $0.01 on Wednesday, hitting $9.05. The stock had a trading volume of 223,634 shares, compared to its average volume of 417,799. The firm’s 50 day moving average price is $9.53 and its 200-day moving average price is $9.24. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.16 and a twelve month high of $9.76.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Large investors have recently modified their holdings of the stock. Allworth Financial LP raised its position in BlackRock Enhanced Equity Dividend Trust by 2.5% in the 4th quarter. Allworth Financial LP now owns 46,731 shares of the investment management company’s stock worth $443,000 after purchasing an additional 1,124 shares during the last quarter. Mezzasalma Advisors LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 2.6% during the 4th quarter. Mezzasalma Advisors LLC now owns 45,034 shares of the investment management company’s stock worth $424,000 after purchasing an additional 1,159 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in BlackRock Enhanced Equity Dividend Trust by 2.3% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 51,211 shares of the investment management company’s stock valued at $485,000 after purchasing an additional 1,169 shares during the period. NWF Advisory Services Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.8% in the 3rd quarter. NWF Advisory Services Inc. now owns 44,084 shares of the investment management company’s stock valued at $402,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.5% during the 4th quarter. Truist Financial Corp now owns 50,439 shares of the investment management company’s stock worth $478,000 after buying an additional 1,210 shares during the period.

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.