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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.0619 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ traded up $0.05 on Friday, hitting $9.35. The company’s stock had a trading volume of 531,549 shares, compared to its average volume of 468,855. The firm’s fifty day moving average price is $9.12 and its 200-day moving average price is $9.24. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $8.42 and a fifty-two week high of $9.76.

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.