BlackRock Enhanced Capital and Income Fund, Inc. (CII) to Issue Monthly Dividend of $0.14 on January 30th

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.141 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, January 20th.

BlackRock Enhanced Capital and Income Fund Price Performance

CII opened at $23.54 on Friday. The firm has a 50 day moving average price of $23.73 and a 200-day moving average price of $22.91. BlackRock Enhanced Capital and Income Fund has a twelve month low of $15.20 and a twelve month high of $26.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in BlackRock Enhanced Capital and Income Fund in the first quarter worth $366,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of BlackRock Enhanced Capital and Income Fund in the second quarter valued at $256,000. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of BlackRock Enhanced Capital and Income Fund by 3.6% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 72,300 shares of the real estate investment trust’s stock worth $1,544,000 after acquiring an additional 2,500 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of BlackRock Enhanced Capital and Income Fund by 14.6% in the 2nd quarter. Truist Financial Corp now owns 105,606 shares of the real estate investment trust’s stock worth $2,255,000 after acquiring an additional 13,424 shares during the last quarter. Finally, TPG Advisors LLC boosted its stake in shares of BlackRock Enhanced Capital and Income Fund by 24.9% during the 2nd quarter. TPG Advisors LLC now owns 44,890 shares of the real estate investment trust’s stock worth $958,000 after purchasing an additional 8,958 shares during the period.

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.