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. Investors of record on Friday, November 13th will be paid a dividend of 0.0619 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.6%

NYSE:BDJ opened at $9.62 on Friday. BlackRock Enhanced Equity Dividend Trust has a one year low of $8.42 and a one year high of $9.95. The company has a fifty day moving average price of $9.75 and a 200 day moving average price of $9.36.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. grew its position in BlackRock Enhanced Equity Dividend Trust by 1.6% during the third quarter. Raymond James Financial Inc. now owns 4,044,382 shares of the investment management company’s stock worth $36,844,000 after buying an additional 63,639 shares in the last quarter. Invesco Ltd. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 3.1% in the 3rd quarter. Invesco Ltd. now owns 2,384,703 shares of the investment management company’s stock valued at $21,725,000 after acquiring an additional 71,953 shares in the last quarter. Guggenheim Capital LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 11.4% in the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock valued at $21,784,000 after acquiring an additional 234,887 shares in the last quarter. LPL Financial LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 3.0% in the 4th quarter. LPL Financial LLC now owns 1,866,062 shares of the investment management company’s stock worth $17,690,000 after acquiring an additional 54,826 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 1.8% in the 4th quarter. Stifel Financial Corp now owns 1,132,105 shares of the investment management company’s stock worth $10,732,000 after acquiring an additional 20,177 shares during the period.

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.