BlackRock Enhanced Equity Dividend Trust to Issue Monthly Dividend of $0.06 (NYSE:BDJ)

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Friday, September 1st, Zacks reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.056 per share by the investment management company on Friday, September 29th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Thursday, September 14th.

BlackRock Enhanced Equity Dividend Trust has raised its dividend by an average of 12.4% per year over the last three years.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ stock traded up $0.02 on Tuesday, hitting $7.62. The stock had a trading volume of 556,911 shares, compared to its average volume of 430,759. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.53 and a 12-month high of $9.55. The business has a 50 day moving average of $8.10 and a 200 day moving average of $8.30.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $123,000. Cowa LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $25,000. GM Advisory Group Inc. increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 29.4% in the first quarter. GM Advisory Group Inc. now owns 22,000 shares of the investment management company’s stock worth $218,000 after purchasing an additional 5,000 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $101,000. Finally, Guggenheim Capital LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 3.4% in the first quarter. Guggenheim Capital LLC now owns 1,601,156 shares of the investment management company’s stock worth $15,852,000 after purchasing an additional 52,939 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.