BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII – Get Free Report) declared a monthly dividend on Thursday, September 10th. Investors of record on Friday, November 13th will be paid a dividend of 0.141 per share by the real estate investment trust on Monday, November 30th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, November 13th.
BlackRock Enhanced Capital and Income Fund Price Performance
Shares of CII opened at $24.02 on Friday. The company’s 50 day simple moving average is $24.69 and its 200 day simple moving average is $23.94. BlackRock Enhanced Capital and Income Fund has a 1 year low of $20.43 and a 1 year high of $26.17.
Institutional Trading of BlackRock Enhanced Capital and Income Fund
A number of institutional investors have recently modified their holdings of the company. Next Level Private LLC lifted its holdings in BlackRock Enhanced Capital and Income Fund by 1.0% during the 2nd quarter. Next Level Private LLC now owns 46,181 shares of the real estate investment trust’s stock worth $1,208,000 after buying an additional 440 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of BlackRock Enhanced Capital and Income Fund by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 56,827 shares of the real estate investment trust’s stock valued at $1,310,000 after acquiring an additional 480 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of BlackRock Enhanced Capital and Income Fund by 4.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 14,793 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 603 shares in the last quarter. LVZ Inc. raised its position in shares of BlackRock Enhanced Capital and Income Fund by 5.0% during the 1st quarter. LVZ Inc. now owns 14,050 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 666 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in BlackRock Enhanced Capital and Income Fund by 1.1% during the fourth quarter. Global Retirement Partners LLC now owns 60,401 shares of the real estate investment trust’s stock worth $1,412,000 after purchasing an additional 678 shares during the last quarter.
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.
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