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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Investors of record on Thursday, February 15th will be given a dividend of 0.056 per share by the investment management company on Thursday, February 29th. This represents a $0.67 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Enhanced Equity Dividend Trust has increased its dividend payment by an average of 4.0% per year over the last three years.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.3 %

BlackRock Enhanced Equity Dividend Trust stock opened at $7.95 on Monday. The company has a 50 day moving average price of $7.81 and a 200 day moving average price of $7.71. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $6.91 and a 52 week high of $9.26.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth approximately $518,000. Thrivent Financial for Lutherans lifted its position in BlackRock Enhanced Equity Dividend Trust by 93.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 22,575 shares of the investment management company’s stock worth $199,000 after buying an additional 10,925 shares in the last quarter. Millennium Management LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 160.7% in the 2nd quarter. Millennium Management LLC now owns 30,396 shares of the investment management company’s stock worth $268,000 after buying an additional 18,735 shares in the last quarter. NewEdge Advisors LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 52.7% in the 2nd quarter. NewEdge Advisors LLC now owns 50,550 shares of the investment management company’s stock worth $446,000 after buying an additional 17,455 shares in the last quarter. Finally, Northern Trust Corp lifted its position in BlackRock Enhanced Equity Dividend Trust by 13.7% in the 2nd quarter. Northern Trust Corp now owns 41,437 shares of the investment management company’s stock worth $366,000 after buying an additional 5,000 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile

(Get Free Report)

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.

See Also

Dividend History for BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Receive News & Ratings for BlackRock Enhanced Equity Dividend Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Enhanced Equity Dividend Trust and related companies with MarketBeat.com's FREE daily email newsletter.