BlackRock Enhanced Equity Dividend Trust (BDJ) To Go Ex-Dividend on July 15th

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.0619 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Wednesday, July 15th.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ stock opened at $9.66 on Monday. The company’s fifty day moving average price is $9.29 and its 200-day moving average price is $9.28. BlackRock Enhanced Equity Dividend Trust has a one year low of $8.42 and a one year high of $9.76.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several hedge funds have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in BlackRock Enhanced Equity Dividend Trust by 6.5% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,669 shares of the investment management company’s stock valued at $360,000 after buying an additional 2,305 shares during the last quarter. NewEdge Advisors LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 131,321 shares of the investment management company’s stock worth $1,132,000 after acquiring an additional 2,811 shares during the last quarter. Axiom Investment Management LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth approximately $39,000. Boothe Investment Group Inc. raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.7% during the 1st quarter. Boothe Investment Group Inc. now owns 558,077 shares of the investment management company’s stock worth $4,811,000 after acquiring an additional 30,111 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth approximately $28,000.

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.