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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be given a dividend of 0.0619 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ opened at $9.62 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $8.42 and a 1-year high of $9.95. The stock’s fifty day simple moving average is $9.75 and its 200 day simple moving average is $9.36.

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.