BlackRock Enhanced Equity Dividend Trust (BDJ) to Issue Monthly Dividend of $0.06 on June 30th

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0619 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, June 15th.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ traded up $0.05 during trading hours on Friday, hitting $9.35. 531,549 shares of the stock traded hands, compared to its average volume of 468,855. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.42 and a 1 year high of $9.76. The stock has a 50 day moving average price of $9.12 and a 200 day moving average price of $9.24.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 2.2% during the first quarter. NewEdge Advisors LLC now owns 131,321 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 2,811 shares in the last quarter. Axiom Investment Management LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the first quarter valued at approximately $39,000. Boothe Investment Group Inc. lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.7% in the first quarter. Boothe Investment Group Inc. now owns 558,077 shares of the investment management company’s stock worth $4,811,000 after buying an additional 30,111 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth $28,000. Finally, Royal Bank of Canada lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.2% in the first quarter. Royal Bank of Canada now owns 873,561 shares of the investment management company’s stock worth $7,529,000 after buying an additional 18,520 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.