BlackRock Enhanced International Dividend Trust (NYSE:BGY) Declares $0.04 Monthly Dividend

BlackRock Enhanced International Dividend Trust (NYSE:BGY) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.0426 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Enhanced International Dividend Trust Trading Up 1.5%

Shares of NYSE BGY opened at $5.82 on Friday. The firm’s 50-day moving average price is $5.71 and its 200-day moving average price is $5.79. BlackRock Enhanced International Dividend Trust has a 1-year low of $5.19 and a 1-year high of $6.23.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in BlackRock Enhanced International Dividend Trust by 5.4% in the fourth quarter. Morgan Stanley now owns 8,911,994 shares of the investment management company’s stock worth $52,403,000 after acquiring an additional 455,294 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in shares of BlackRock Enhanced International Dividend Trust by 9.9% during the fourth quarter. Waterfront Wealth Inc. now owns 2,251,176 shares of the investment management company’s stock valued at $13,516,000 after acquiring an additional 201,961 shares in the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of BlackRock Enhanced International Dividend Trust by 7.4% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,973,384 shares of the investment management company’s stock worth $11,347,000 after purchasing an additional 136,515 shares during the period. WNY Asset Management LLC bought a new position in shares of BlackRock Enhanced International Dividend Trust in the 1st quarter worth $8,139,000. Finally, Lazard Asset Management LLC grew its position in BlackRock Enhanced International Dividend Trust by 116.3% in the 4th quarter. Lazard Asset Management LLC now owns 1,380,446 shares of the investment management company’s stock valued at $8,117,000 after purchasing an additional 742,180 shares during the period.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.