BlackRock Enhanced International Dividend Trust (NYSE:BGY) Declares $0.04 Monthly Dividend

BlackRock Enhanced International Dividend Trust (NYSE:BGY) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0426 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, January 20th.

BlackRock Enhanced International Dividend Trust Stock Performance

BGY stock opened at $5.98 on Friday. BlackRock Enhanced International Dividend Trust has a 1-year low of $4.67 and a 1-year high of $6.00. The business has a 50-day moving average price of $5.79 and a 200 day moving average price of $5.77.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BGY. Royal Bank of Canada increased its holdings in BlackRock Enhanced International Dividend Trust by 4.6% during the first quarter. Royal Bank of Canada now owns 264,938 shares of the investment management company’s stock valued at $1,486,000 after buying an additional 11,717 shares during the period. Pinnacle Bancorp Inc. purchased a new stake in BlackRock Enhanced International Dividend Trust during the second quarter worth $36,000. Farther Finance Advisors LLC bought a new stake in BlackRock Enhanced International Dividend Trust during the 2nd quarter valued at $174,000. Perigon Wealth Management LLC boosted its position in BlackRock Enhanced International Dividend Trust by 27.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 19,625 shares of the investment management company’s stock valued at $114,000 after acquiring an additional 4,229 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in shares of BlackRock Enhanced International Dividend Trust by 42.3% in the 2nd quarter. Uncommon Cents Investing LLC now owns 438,102 shares of the investment management company’s stock valued at $2,537,000 after acquiring an additional 130,137 shares during the period.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.