BlackRock Enhanced Global Dividend Trust Plans Monthly Dividend of $0.08 (NYSE:BOE)

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be given a dividend of 0.0827 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Enhanced Global Dividend Trust Stock Up 0.4%

BOE opened at $12.48 on Wednesday. The company has a fifty day moving average price of $12.02 and a two-hundred day moving average price of $11.78. BlackRock Enhanced Global Dividend Trust has a 1-year low of $10.59 and a 1-year high of $12.50.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in shares of BlackRock Enhanced Global Dividend Trust by 247.3% in the fourth quarter. Lazard Asset Management LLC now owns 888,386 shares of the financial services provider’s stock valued at $10,403,000 after purchasing an additional 632,567 shares during the last quarter. Morgan Stanley increased its position in shares of BlackRock Enhanced Global Dividend Trust by 3.0% during the fourth quarter. Morgan Stanley now owns 7,519,901 shares of the financial services provider’s stock valued at $88,058,000 after acquiring an additional 220,422 shares during the last quarter. Saba Capital Management L.P. increased its position in shares of BlackRock Enhanced Global Dividend Trust by 6.7% during the fourth quarter. Saba Capital Management L.P. now owns 2,555,063 shares of the financial services provider’s stock valued at $29,920,000 after acquiring an additional 160,525 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of BlackRock Enhanced Global Dividend Trust by 17.7% during the 4th quarter. Advisors Asset Management Inc. now owns 1,010,603 shares of the financial services provider’s stock worth $11,834,000 after purchasing an additional 152,181 shares during the period. Finally, Guggenheim Capital LLC grew its position in shares of BlackRock Enhanced Global Dividend Trust by 13.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,148,096 shares of the financial services provider’s stock valued at $13,444,000 after acquiring an additional 137,344 shares during the period.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.