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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Rating) declared a monthly dividend on Friday, April 1st, Zacks reports. Stockholders of record on Thursday, April 14th will be given a dividend of 0.056 per share by the investment management company on Friday, April 29th. This represents a $0.67 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shares of BDJ stock opened at $9.82 on Monday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.99 and a 52 week high of $10.69. The firm has a 50 day moving average of $9.70 and a 200-day moving average of $9.91.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BDJ. Northern Trust Corp grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 3.1% during the fourth quarter. Northern Trust Corp now owns 36,404 shares of the investment management company’s stock worth $367,000 after purchasing an additional 1,100 shares in the last quarter. Belpointe Asset Management LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 4.3% in the fourth quarter. Belpointe Asset Management LLC now owns 51,387 shares of the investment management company’s stock valued at $518,000 after purchasing an additional 2,138 shares during the last quarter. Covington Capital Management bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $25,000. Paradigm Financial Partners LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $108,000. Finally, CIBC World Markets Inc. bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $149,000.

About BlackRock Enhanced Equity Dividend Trust (Get Rating)

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.

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Dividend History for BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

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