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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.0619 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ opened at $9.62 on Friday. The firm has a 50-day moving average of $9.75 and a 200-day moving average of $9.36. BlackRock Enhanced Equity Dividend Trust has a one year low of $8.42 and a one year high of $9.95.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Palogic Value Management L.P. bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter valued at about $545,000. Kestra Advisory Services LLC grew its position in BlackRock Enhanced Equity Dividend Trust by 102.0% in the 1st quarter. Kestra Advisory Services LLC now owns 116,181 shares of the investment management company’s stock worth $1,001,000 after purchasing an additional 58,660 shares in the last quarter. Waterfront Wealth Inc. grew its position in BlackRock Enhanced Equity Dividend Trust by 7.6% in the 1st quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock worth $7,221,000 after purchasing an additional 59,268 shares in the last quarter. OMC Financial Services LTD purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $637,000. Finally, Sanctuary Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $944,000.

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.