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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be paid a dividend of 0.0619 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, December 22nd.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.9%

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $9.38 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.16 and a 1 year high of $9.39. The company has a 50-day moving average of $9.07 and a 200 day moving average of $8.95.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BDJ. Cerity Partners LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter worth $3,451,000. Shaker Financial Services LLC grew its position in BlackRock Enhanced Equity Dividend Trust by 128.1% during the 2nd quarter. Shaker Financial Services LLC now owns 627,929 shares of the investment management company’s stock valued at $5,582,000 after purchasing an additional 352,617 shares during the last quarter. Raymond James Financial Inc. grew its position in BlackRock Enhanced Equity Dividend Trust by 9.3% during the 2nd quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock valued at $35,389,000 after purchasing an additional 338,684 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at about $2,495,000. Finally, Waterfront Wealth Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 32.6% in the third quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock worth $8,219,000 after buying an additional 225,076 shares during 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.