BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Plans $0.06 Monthly Dividend

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be given a dividend of 0.0619 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.6%

NYSE:BDJ opened at $9.62 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $8.42 and a 52-week high of $9.95. The stock has a fifty day simple moving average of $9.75 and a 200-day simple moving average of $9.36.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Palogic Value Management L.P. bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth about $545,000. Kestra Advisory Services LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 102.0% in the first quarter. Kestra Advisory Services LLC now owns 116,181 shares of the investment management company’s stock valued at $1,001,000 after buying an additional 58,660 shares during the last quarter. Waterfront Wealth Inc. grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.6% during the first quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock worth $7,221,000 after acquiring an additional 59,268 shares during the last quarter. OMC Financial Services LTD acquired a new position in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at about $637,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter valued at approximately $944,000.

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.