BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Plans $0.14 Monthly Dividend

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.141 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Enhanced Capital and Income Fund Stock Down 1.1%

NYSE:CII opened at $24.73 on Wednesday. The company has a 50 day moving average price of $24.84 and a 200-day moving average price of $23.70. BlackRock Enhanced Capital and Income Fund has a 1-year low of $20.43 and a 1-year high of $26.17.

About BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund (NYSE: CII) is a diversified, closed-end management investment company organized in 1993 that seeks to provide shareholders with high current income and capital appreciation. The fund pursues its objectives by investing primarily in a portfolio of U.S. dollar-denominated senior secured floating-rate loans (commonly referred to as bank loans), high-yield corporate debt, collateralized loan obligations (CLOs) and other credit instruments. In order to enhance returns, the fund may employ leverage through borrowings and derivative exposures.

The fund’s portfolio construction emphasizes credit quality, yield generation and risk management.