BlackRock Enhanced Dividend Achievers Tr (BDJ) Sets New 52-Week High After Dividend Announcement

Shares of BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ) hit a new 52-week high on Thursday after the company announced a dividend. The stock traded as high as $9.33 and last traded at $9.25, with a volume of 364400 shares. The stock had previously closed at $9.22.

The newly announced dividend which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Friday, January 12th.

Several institutional investors have recently made changes to their positions in the company. Geller Family Office Services LLC lifted its stake in shares of BlackRock Enhanced Dividend Achievers Tr by 1.2% in the 2nd quarter. Geller Family Office Services LLC now owns 20,461 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 252 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in shares of BlackRock Enhanced Dividend Achievers Tr by 1.2% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 53,217 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 609 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BlackRock Enhanced Dividend Achievers Tr by 9.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 29,491 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 2,621 shares during the last quarter. Keybank National Association OH lifted its stake in shares of BlackRock Enhanced Dividend Achievers Tr by 20.7% in the 2nd quarter. Keybank National Association OH now owns 27,959 shares of the investment management company’s stock valued at $246,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of BlackRock Enhanced Dividend Achievers Tr by 30.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 25,569 shares of the investment management company’s stock valued at $225,000 after purchasing an additional 5,916 shares during the last quarter.

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About BlackRock Enhanced Dividend Achievers Tr

BlackRock Enhanced Equity Dividend Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. It seeks to achieve its investment objectives by investing in common stocks that pay dividends and have the potential for capital appreciation and by utilizing an option writing (selling) strategy to seek total return performance and enhance distributions.

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