BlackRock Enhanced Capital and Income Fund, Inc. (CII) To Go Ex-Dividend on June 15th

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) declared a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.141 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Enhanced Capital and Income Fund Price Performance

Shares of CII stock traded up $0.14 during mid-day trading on Friday, reaching $24.42. The stock had a trading volume of 59,656 shares, compared to its average volume of 89,569. The stock’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $23.34. BlackRock Enhanced Capital and Income Fund has a 52-week low of $20.27 and a 52-week high of $26.17.

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

Large investors have recently modified their holdings of the stock. GraniteShares Advisors LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 4th quarter valued at about $2,729,000. PMG Family Office LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 3rd quarter valued at about $1,106,000. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 3rd quarter valued at about $489,000. Harbour Wealth Management Group Inc. bought a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 4th quarter valued at about $240,000. Finally, 17 Capital Partners LLC boosted its stake in shares of BlackRock Enhanced Capital and Income Fund by 15.7% during the 4th quarter. 17 Capital Partners LLC now owns 13,791 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 1,873 shares in the last quarter.

About BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund (NYSE: CII) is a diversified, closed-end management investment company organized in 1993 that seeks to provide shareholders with high current income and capital appreciation. The fund pursues its objectives by investing primarily in a portfolio of U.S. dollar-denominated senior secured floating-rate loans (commonly referred to as bank loans), high-yield corporate debt, collateralized loan obligations (CLOs) and other credit instruments. In order to enhance returns, the fund may employ leverage through borrowings and derivative exposures.

The fund’s portfolio construction emphasizes credit quality, yield generation and risk management.