BlackRock Enhanced Equity Dividend Trust (BDJ) to Issue Monthly Dividend of $0.06 on May 29th

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) announced a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be given a dividend of 0.0619 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, May 15th.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ opened at $9.13 on Wednesday. The firm has a 50 day moving average of $9.02 and a two-hundred day moving average of $9.21. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $8.38 and a 12-month high of $9.76.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors have recently made changes to their positions in the company. Cerity Partners LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the second quarter valued at $3,451,000. SOL Capital Management CO purchased a new position in BlackRock Enhanced Equity Dividend Trust during the first quarter worth approximately $3,168,000. Raymond James Financial Inc. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 9.3% in the second quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock valued at $35,389,000 after purchasing an additional 338,684 shares during the period. Guggenheim Capital LLC raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% during the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock worth $21,784,000 after buying an additional 234,887 shares during the period. Finally, Waterfront Wealth Inc. lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 32.6% during the 3rd quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock valued at $8,219,000 after buying an additional 225,076 shares in the last quarter.

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.