BlackRock Enhanced Equity Dividend Trust (BDJ) to Issue Monthly Dividend of $0.06 on December 31st

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0619 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Monday, December 22nd.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ stock traded up $0.08 during trading hours on Friday, reaching $9.38. 528,872 shares of the company’s stock were exchanged, compared to its average volume of 428,423. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.16 and a fifty-two week high of $9.39. The stock’s 50 day moving average is $9.07 and its 200-day moving average is $8.95.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. United Financial Planning Group LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $26,000. Pinnacle Bancorp Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $30,000. Chung Wu Investment Group LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $32,000. Atlantic Union Bankshares Corp acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $32,000. Finally, Larson Financial Group LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $48,000.

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.