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 Friday, February 27th. Stockholders of record on Friday, May 15th will be given a dividend of 0.0619 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, May 15th.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.2%

BlackRock Enhanced Equity Dividend Trust stock opened at $9.13 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $8.38 and a twelve month high of $9.76. The company has a 50 day moving average of $9.02 and a 200-day moving average of $9.21.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Waterfront Wealth Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 32.6% during the third quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock worth $8,219,000 after purchasing an additional 225,076 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 235.7% during the third quarter. Envestnet Asset Management Inc. now owns 137,575 shares of the investment management company’s stock worth $1,253,000 after purchasing an additional 96,597 shares during the last quarter. PMG Family Office LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $1,135,000. PVG Asset Management Corp acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $724,000. Finally, Smith Moore & CO. acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $110,000.

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.