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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) announced a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be paid a dividend of 0.0619 per share by the investment management company on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Friday, November 14th.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.4%

BDJ opened at $9.08 on Tuesday. The business’s 50-day simple moving average is $9.05 and its 200-day simple moving average is $8.79. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.24.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 8.9% during the 1st quarter. D.A. Davidson & CO. now owns 34,673 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,829 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at approximately $101,000. Penserra Capital Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter valued at $5,126,000. Heritage Wealth Management Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter worth about $155,000. Finally, Axxcess Wealth Management LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 103.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 38,864 shares of the investment management company’s stock worth $334,000 after purchasing an additional 19,742 shares during the period.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.