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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.0619 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, March 13th.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock traded up $0.03 during trading on Wednesday, hitting $9.09. The company had a trading volume of 86,779 shares, compared to its average volume of 415,251. The business has a 50 day moving average of $9.53 and a 200 day moving average of $9.24. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.16 and a fifty-two week high of $9.76.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.