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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Thursday, September 10th. Stockholders 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 dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.6%

NYSE BDJ opened at $9.62 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $8.42 and a 1-year high of $9.95. The firm’s fifty day simple moving average is $9.75 and its 200-day simple moving average is $9.36.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of 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 valued at $443,000 after purchasing an additional 1,124 shares in the last quarter. Truist Financial Corp grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.5% in the 4th quarter. Truist Financial Corp now owns 50,439 shares of the investment management company’s stock worth $478,000 after purchasing an additional 1,210 shares during the last quarter. Franklin Resources Inc. increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock worth $111,000 after purchasing an additional 1,281 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% during the 4th quarter. Kestra Advisory Services LLC now owns 57,521 shares of the investment management company’s stock worth $545,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 8.4% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 19,846 shares of the investment management company’s stock valued at $181,000 after purchasing an additional 1,537 shares during the last quarter.

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.