BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Declares $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 Tuesday, September 15th will be paid a dividend of 0.141 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 15th.

BlackRock Enhanced Capital and Income Fund Trading Up 0.7%

Shares of CII stock opened at $24.18 on Friday. The company’s fifty day simple moving average is $24.66 and its two-hundred day simple moving average is $23.94. BlackRock Enhanced Capital and Income Fund has a 52 week low of $20.43 and a 52 week high of $26.17.

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its stake in BlackRock Enhanced Capital and Income Fund by 3.6% in the third quarter. Raymond James Financial Inc. now owns 1,043,112 shares of the real estate investment trust’s stock worth $23,992,000 after purchasing an additional 35,991 shares during the last quarter. Invesco Ltd. grew its stake in shares of BlackRock Enhanced Capital and Income Fund by 1.3% during the third quarter. Invesco Ltd. now owns 569,743 shares of the real estate investment trust’s stock valued at $13,104,000 after buying an additional 7,064 shares during the last quarter. LPL Financial LLC raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 0.9% in the fourth quarter. LPL Financial LLC now owns 499,288 shares of the real estate investment trust’s stock worth $11,668,000 after buying an additional 4,691 shares during the period. Bank of America Corp DE raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 7.9% in the first quarter. Bank of America Corp DE now owns 492,949 shares of the real estate investment trust’s stock worth $10,362,000 after buying an additional 36,011 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of BlackRock Enhanced Capital and Income Fund by 2.0% during the 4th quarter. Osaic Holdings Inc. now owns 483,919 shares of the real estate investment trust’s stock worth $11,310,000 after acquiring an additional 9,278 shares during the last quarter.

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.