BlackRock Enhanced Equity Dividend Trust Key Executives
This section highlights BlackRock Enhanced Equity Dividend Trust's key executives, including their titles and compensation details.
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BlackRock Enhanced Equity Dividend Trust Earnings
This section highlights BlackRock Enhanced Equity Dividend Trust's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations. The fund also invests through derivatives, with an emphasis on option writing. It benchmarks the performance of its portfolio against the Russell 1000 Value Index. The fund was formerly known as BlackRock Enhanced Dividend Achievers TM Trust. BlackRock Enhanced Equity Dividend Trust was formed on August 31, 2005 and is domiciled in the United States.
$8.64
Stock Price
$1.57B
Market Cap
-
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for BlackRock Enhanced Equity Dividend Trust, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $166.61M | $48.04M | $-71.18M | $327.48M | $-16.75M |
| Cost of Revenue | $- | $103.45M | $14.59M | $16.00M | $13.48M |
| Gross Profit | $166.61M | $-55.42M | $-85.76M | $311.48M | $-30.23M |
| Gross Profit Ratio | 100.00% | -115.36% | 120.49% | 95.10% | 180.46% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $762.31K | $722.22K | $521.87K | $833.45K | $864.28K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $762.31K | $722.22K | $521.87K | $833.45K | $864.28K |
| Other Expenses | $165.85M | $- | $996.49K | $1.33M | $1.24M |
| Operating Expenses | $166.61M | $101.94M | $1.52M | $2.16M | $2.10M |
| Cost and Expenses | $166.61M | $101.94M | $1.52M | $2.16M | $2.10M |
| Interest Income | $- | $- | $- | $- | $- |
| Interest Expense | $4.07K | $1.28K | $- | $- | $23.81K |
| Depreciation and Amortization | $- | $115.70M | $-30.04M | $-27.41M | $-34.48M |
| EBITDA | $- | $149.95M | $-72.55M | $- | $-18.86M |
| EBITDA Ratio | 0.00% | 312.15% | 102.13% | 99.34% | 112.55% |
| Operating Income | $-329.55M | $34.25M | $-72.69M | $325.32M | $-18.86M |
| Operating Income Ratio | -197.79% | 71.29% | 102.13% | 99.34% | 112.55% |
| Total Other Income Expenses Net | $494.32M | $115.73M | $- | $- | $13.48M |
| Income Before Tax | $164.77M | $149.98M | $-72.69M | $325.32M | $-18.86M |
| Income Before Tax Ratio | 98.89% | 312.21% | 102.13% | 99.34% | 112.55% |
| Income Tax Expense | $- | $- | $29.89M | $27.42M | $34.43M |
| Net Income | $164.77M | $149.98M | $-72.69M | $325.32M | $-18.86M |
| Net Income Ratio | 98.89% | 312.21% | 102.13% | 99.34% | 112.55% |
| EPS | $0.00 | $0.81 | $-0.39 | $1.75 | $-0.10 |
| EPS Diluted | $0.00 | $0.81 | $-0.39 | $1.75 | $-0.10 |
| Weighted Average Shares Outstanding | - | 185.15M | 186.42M | 186.00M | 186.00M |
| Weighted Average Shares Outstanding Diluted | - | 186.14M | 186.42M | 186.00M | 186.00M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.82M | $72.79M | $-24.75M | $21.78M | $23.11M | $20.94M | $22.71M | $21.45M | $26.87M | $24.02M | $27.06M | $25.65M | $23.63M | $22.25M | $24.13M | $22.58M | $22.70M | $22.61M | $22.87M | $26.71M |
| Cost of Revenue | $6.99M | $6.81M | $96.64M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $63.83M | $65.98M | $-121.40M | $21.78M | $23.11M | $20.94M | $22.71M | $21.45M | $26.87M | $24.02M | $27.06M | $25.65M | $23.63M | $22.25M | $24.13M | $22.58M | $22.70M | $22.61M | $22.87M | $26.71M |
| Gross Profit Ratio | 90.12% | 90.60% | 490.40% | 100.00% | 100.00% | 100.00% | 100.00% | 200.00% | 200.00% | 200.00% | 200.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.18M | $3.45M | $-2.73M | $7.30M | $7.55M | $8.18M | $8.05M | $7.14M | $6.70M | $7.96M | $7.54M | $7.74M | $7.79M | $7.95M | $7.50M | $7.26M | $6.66M | $6.91M | $7.32M | $7.13M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $13.01K | $21.86K | $23.06K | $22.68K | $16.17K |
| Selling General and Administrative Expenses | $7.18M | $3.45M | $-2.73M | $7.30M | $7.55M | $8.18M | $8.05M | $7.14M | $6.70M | $7.96M | $7.54M | $7.74M | $7.79M | $7.95M | $7.50M | $7.28M | $6.68M | $6.93M | $7.34M | $7.14M |
| Other Expenses | $- | $1 | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $57.23M | $23.02M | $78.92M | $57.30M | $174.88M | $44.95M | $236.72M | $260.41M | $327.58M | $145.38M | $187.87M | $138.83M | $35.57M | $119.77M | $78.28M | $124.33M | $34.42M | $12.55M | $30.59M | $7.14M |
| Cost and Expenses | $-50.24M | $2.09M | $99.85M | $57.30M | $174.88M | $44.95M | $236.72M | $260.41M | $327.58M | $145.38M | $187.87M | $138.83M | $35.57M | $119.77M | $78.28M | $124.33M | $34.42M | $12.55M | $30.59M | $7.14M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $1.28K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $-8.87M | $124.57M | $-14.48M | $-15.56M | $-12.75M | $-14.66M | $-14.32M | $-20.17M | $-16.05M | $-19.52M | $-17.91M | $-15.83M | $-14.30M | $-16.64M | $-15.31M | $-16.02M | $-15.67M | $-15.52M | $-19.56M |
| EBITDA | $121.06M | $70.70M | $79.25M | $64.60M | $-167.33M | $53.13M | $244.77M | $267.55M | $-320.89M | $153.34M | $195.41M | $-226.18M | $-27.77M | $127.72M | $85.78M | $131.61M | $41.11M | $-5.61M | $-23.24M | $- |
| EBITDA Ratio | 170.93% | 97.12% | 312.15% | 593.27% | -1448.02% | 507.57% | 2155.51% | 2494.23% | -2388.74% | 1276.85% | 1444.47% | -511.11% | -117.55% | 573.94% | 355.43% | 582.78% | 181.06% | -24.82% | -101.64% | 0.00% |
| Operating Income | $121.06M | $70.70M | $-36.45M | $14.48M | $15.56M | $12.75M | $14.66M | $14.32M | $20.17M | $16.05M | $19.52M | $17.91M | $15.83M | $14.30M | $16.64M | $15.31M | $16.02M | $15.67M | $15.52M | $19.56M |
| Operating Income Ratio | 170.93% | 97.12% | 71.29% | 132.99% | 134.63% | 121.81% | 129.10% | 133.46% | 150.13% | 133.69% | 144.27% | 69.84% | 67.02% | 64.28% | 68.94% | 67.78% | 70.57% | 69.32% | 67.89% | 73.26% |
| Total Other Income Expenses Net | $-12.63K | $-10.50K | $115.74M | $64.60M | $-167.33M | $53.13M | $244.77M | $267.55M | $-320.89M | $153.34M | $195.41M | $-244.28M | $-27.77M | $127.72M | $85.78M | $131.61M | $41.11M | $-5.61M | $-23.24M | $61.77M |
| Income Before Tax | $121.05M | $70.69M | $79.29M | $79.08M | $-151.77M | $65.89M | $259.43M | $281.86M | $-300.72M | $169.39M | $214.92M | $-113.18M | $-11.94M | $142.02M | $102.42M | $146.92M | $57.13M | $10.06M | $-7.72M | $81.34M |
| Income Before Tax Ratio | 170.91% | 97.11% | 312.21% | 726.26% | -1313.39% | 629.38% | 2284.62% | 2627.69% | -2238.60% | 1410.54% | 1588.74% | -441.27% | -50.53% | 638.23% | 424.37% | 650.56% | 251.63% | 44.50% | -33.75% | 304.56% |
| Income Tax Expense | $- | $0 | $-0 | $64.60M | $-167.33M | $53.13M | $244.77M | $267.55M | $-320.89M | $153.34M | $195.41M | $-131.10M | $-27.77M | $127.72M | $85.78M | $131.61M | $41.11M | $-5.61M | $-23.24M | $- |
| Net Income | $121.05M | $70.69M | $79.29M | $79.08M | $-151.77M | $65.89M | $259.43M | $281.86M | $-300.72M | $169.39M | $214.92M | $-113.18M | $-11.94M | $142.02M | $102.42M | $146.92M | $57.13M | $10.06M | $-7.72M | $81.34M |
| Net Income Ratio | 170.91% | 97.11% | 312.21% | 726.26% | -1313.39% | 629.38% | 2284.62% | 2627.69% | -2238.60% | 1410.54% | 1588.74% | -441.27% | -50.53% | 638.23% | 424.37% | 650.56% | 251.63% | 44.50% | -33.75% | 304.56% |
| EPS | $0.65 | $0.38 | $0.43 | $0.42 | $-0.82 | $0.36 | $1.40 | $1.52 | $-1.60 | $0.90 | $1.14 | $-0.60 | $-0.06 | $0.76 | $0.54 | $0.78 | $0.30 | $0.05 | $-0.04 | $0.46 |
| EPS Diluted | $0.65 | $0.38 | $0.43 | $0.42 | $-0.82 | $0.36 | $1.40 | $1.52 | $-1.60 | $0.90 | $1.14 | $-0.60 | $-0.06 | $0.76 | $0.54 | $0.78 | $0.30 | $0.05 | $-0.04 | $0.46 |
| Weighted Average Shares Outstanding | 186.14M | 186.14M | 186.14M | 372.01M | 372.01M | 372.01M | 372.01M | 372.01M | 375.08M | 375.09M | 375.09M | 187.54M | 187.55M | 187.54M | 187.54M | 188.98M | 188.98M | 188.98M | 188.98M | 178.72M |
| Weighted Average Shares Outstanding Diluted | 186.14M | 186.14M | 186.14M | 372.01M | 372.01M | 372.01M | 372.01M | 372.01M | 375.08M | 375.08M | 375.08M | 187.54M | 187.54M | 187.54M | 187.54M | 188.98M | 188.98M | 188.98M | 188.98M | 179.48M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $47.95K | $272.38K | $128.71K | $455.15K | $1.74K |
| Short Term Investments | $- | $-111.67K | $76.04M | $62.26M | $12.02M |
| Cash and Short Term Investments | $47.95K | $272.38K | $128.71K | $455.15K | $12.02M |
| Net Receivables | $2.01M | $2.15M | $7.13M | $3.31M | $2.40M |
| Inventory | $- | $-13.75K | $83.30M | $66.14M | $- |
| Other Current Assets | $-2.01M | $140.94K | $- | $251.52K | $165.33K |
| Total Current Assets | $47.95K | $2.55M | $7.25M | $3.76M | $2.40M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $1.61B | $1.68B | $1.64B | $1.93B | $1.78B |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-1.61B | $96.33K | $-1.64B | $-1.93B | $-1.78B |
| Total Non-Current Assets | $1.61B | $1.68B | $1.64B | $1.93B | $1.78B |
| Other Assets | $1.61B | $- | $- | $140.00K | $82.67K |
| Total Assets | $1.61B | $1.68B | $1.65B | $1.94B | $1.78B |
| Account Payables | $3.45M | $- | $- | $3.87M | $345.98K |
| Short Term Debt | $- | $- | $- | $- | $66.28K |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $279.70K |
| Other Current Liabilities | $-3.45M | $38.88M | $16.91M | $-3.87M | $-412.26K |
| Total Current Liabilities | $- | $38.88M | $16.91M | $3.87M | $345.98K |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $16.91M | $32.41M | $66.28K |
| Other Liabilities | $16.19M | $- | $-16.91M | $-32.41M | $39.63M |
| Total Liabilities | $16.19M | $38.88M | $16.91M | $3.87M | $40.04M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $1.23B | $1.31B | $1.31B | $1.31B | $1.31B |
| Retained Earnings | $370.27M | $330.73M | $316.73M | $593.57M | $429.85M |
| Accumulated Other Comprehensive Income Loss | $- | $-0 | $-0 | $-0 | $0 |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $1.60B | $1.64B | $1.63B | $1.90B | $1.74B |
| Total Equity | $1.60B | $1.64B | $1.63B | $1.90B | $1.74B |
| Total Liabilities and Stockholders Equity | $1.61B | $1.68B | $1.65B | $1.94B | $1.78B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.61B | $1.68B | $1.65B | $1.94B | $1.78B |
| Total Investments | $1.61B | $1.68B | $1.64B | $1.93B | $1.78B |
| Total Debt | $- | $- | $- | $- | $66.28K |
| Net Debt | $-47.95K | $-272.38K | $-128.71K | $-455.15K | $64.54K |
Balance Sheet Charts
| Breakdown | December 31, 2024 | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $47.95K | $459.21K | $272.38K | $619.00K | $128.71K | $1.38M | $455.15K | $214.32K | $1.74K | $879 | $1.19K | $1.30K | $43.46K | $1.12K | $2.44K | $3.14K | $18.53K | $1.70K | $1.84K | $2.23M |
| Short Term Investments | $- | $37.91M | $5.20M | $54.58M | $76.04M | $82.05M | $62.26M | $48.57M | $12.02M | $8.25M | $- | $27.76M | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $47.95K | $38.37M | $272.38K | $619.00K | $128.71K | $1.38M | $455.15K | $214.32K | $12.02M | $879 | $1.19K | $27.77M | $43.46K | $1.12K | $2.44K | $3.14K | $18.53K | $1.70K | $1.84K | $2.23M |
| Net Receivables | $2.01M | $45.24M | $2.15M | $4.08M | $7.13M | $11.36M | $3.31M | $9.66M | $2.40M | $3.12M | $2.10M | $6.67M | $2.81M | $3.02M | $2.41M | $7.73M | $3.08M | $14.00M | $5.77M | $14.93M |
| Inventory | $- | $- | $7.74M | $1 | $83.30M | $95.40M | $66.14M | $59.35M | $- | $1 | $1 | $8.06M | $-7.01K | $1 | $1 | $- | $1 | $- | $- | $1 |
| Other Current Assets | $-2.01M | $-83.61M | $140.94K | $468.22K | $- | $605.58K | $251.52K | $903.73K | $165.33K | $950.68K | $166.01K | $1.47M | $14.02K | $1.53M | $116.33K | $2.06M | $168.88K | $1.38M | $291.45K | $577.68K |
| Total Current Assets | $47.95K | $83.40M | $2.42M | $4.70M | $7.25M | $12.74M | $3.76M | $9.88M | $2.40M | $3.12M | $2.10M | $6.67M | $2.85M | $3.02M | $2.53M | $9.79M | $3.26M | $15.38M | $6.07M | $17.74M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $1.61B | $1.68B | $1.68B | $1.68B | $1.64B | $1.70B | $1.93B | $1.95B | $1.78B | $1.54B | $1.91B | $1.83B | $1.65B | $1.82B | $1.89B | $1.79B | $1.77B | $1.66B | $1.65B | $1.69B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-1.61B | $-1.68B | $-1.68B | $-1.68B | $-1.64B | $-1.70B | $-1.93B | $-1.95B | $-1.78B | $-1.54B | $-1.91B | $-1.83B | $-1.65B | $-1.82B | $- | $- | $40.35K | $52.20K | $40.82K | $59.48K |
| Total Non-Current Assets | $1.61B | $1.68B | $1.68B | $1.68B | $1.64B | $1.70B | $1.93B | $1.95B | $1.78B | $1.54B | $1.91B | $1.83B | $1.65B | $1.82B | $1.89B | $1.79B | $1.77B | $1.66B | $1.65B | $1.69B |
| Other Assets | $1.61B | $1.76B | $223.52K | $183.54K | $- | $- | $140.00K | $- | $82.67K | $54.19K | $13.76K | $37.91K | $7.01K | $81.63K | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.61B | $1.76B | $1.68B | $1.68B | $1.65B | $1.72B | $1.94B | $1.96B | $1.78B | $1.55B | $1.91B | $1.84B | $1.65B | $1.83B | $1.90B | $1.80B | $1.77B | $1.68B | $1.66B | $1.70B |
| Account Payables | $3.45M | $39.99M | $- | $5.30M | $- | $7.59M | $3.87M | $3.67M | $345.98K | $334.70K | $1.37M | $6.52M | $1.54M | $3.36M | $572.71K | $3.07M | $- | $4.19M | $2.35M | $7.18M |
| Short Term Debt | $- | $169.22K | $- | $- | $- | $- | $- | $- | $66.28K | $- | $553.86K | $105.90K | $- | $- | $- | $- | $- | $1.79K | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $279.70K | $- | $818.01K | $6.42M | $- | $3.30M | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-3.45M | $-40.16M | $38.88M | $-5.30M | $16.91M | $-7.59M | $-3.87M | $-3.67M | $-412.26K | $-334.70K | $-1.93M | $-6.63M | $-1.54M | $-3.36M | $26.34M | $22.44M | $32.26M | $27.53M | $14.90M | $10.63M |
| Total Current Liabilities | $- | $42.56M | $38.88M | $5.30M | $16.91M | $7.59M | $3.87M | $3.67M | $345.98K | $334.70K | $1.37M | $6.52M | $1.54M | $3.36M | $26.92M | $25.51M | $32.26M | $31.73M | $17.25M | $17.81M |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $311.84K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $311.84K | $38.88M | $34.28M | $16.91M | $7.59M | $3.87M | $21.10M | $66.28K | $22.33M | $553.86K | $105.90K | $- | $51.24K | $- | $- | $- | $- | $- | $- |
| Other Liabilities | $16.19M | $16.16M | $-38.88M | $-34.28M | $-16.91M | $10.78M | $24.68M | $-3.67M | $39.63M | $-334.70K | $29.56M | $29.01M | $12.83M | $18.29M | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $16.19M | $59.04M | $38.88M | $5.30M | $16.91M | $25.96M | $32.41M | $21.10M | $40.04M | $22.33M | $31.48M | $35.64M | $12.83M | $21.71M | $26.92M | $25.51M | $32.26M | $31.73M | $17.25M | $17.81M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.23B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.32B | $1.32B | $1.32B | $1.32B | $1.32B | $1.32B | $1.32B | $1.33B | $1.47B | $1.47B | $1.57B |
| Retained Earnings | $370.27M | $389.01M | $330.73M | $333.14M | $316.73M | $381.39M | $593.57M | $633.49M | $429.85M | $204.07M | $561.05M | $479.98M | $317.61M | $-37.69M | $547.83M | $458.35M | $408.75M | $178.80M | $174.62M | $113.01M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $-0 | $-0 | $-0 | $-0 | $0 | $0 | $-0 | $455.77M | $479.98M | $-0 | $- | $-0 | $0 | $-0 | $-0 | $- | $0 |
| Other Total Stockholders Equity | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $521.02M | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $1.60B | $1.70B | $1.64B | $1.65B | $1.63B | $1.69B | $1.90B | $1.94B | $1.74B | $1.52B | $1.88B | $1.80B | $1.64B | $1.80B | $1.87B | $1.78B | $1.74B | $1.65B | $1.64B | $1.69B |
| Total Equity | $1.60B | $1.70B | $1.64B | $1.65B | $1.63B | $1.69B | $1.90B | $1.94B | $1.74B | $1.52B | $1.88B | $1.80B | $1.64B | $1.80B | $1.87B | $1.78B | $1.74B | $1.65B | $1.64B | $1.69B |
| Total Liabilities and Stockholders Equity | $1.61B | $1.76B | $1.68B | $1.68B | $1.65B | $1.72B | $1.94B | $1.96B | $1.78B | $1.55B | $1.91B | $1.84B | $1.65B | $1.83B | $1.90B | $1.80B | $1.77B | $1.68B | $1.66B | $1.70B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.61B | $1.76B | $1.68B | $1.68B | $1.65B | $1.72B | $1.94B | $1.96B | $1.78B | $1.55B | $1.91B | $1.84B | $1.65B | $1.83B | $1.90B | $1.80B | $1.77B | $1.68B | $1.66B | $1.70B |
| Total Investments | $1.61B | $1.71B | $1.68B | $1.68B | $1.64B | $1.70B | $1.93B | $1.95B | $1.78B | $1.54B | $1.91B | $1.83B | $1.65B | $1.82B | $1.89B | $1.79B | $1.77B | $1.66B | $1.65B | $1.69B |
| Total Debt | $- | $169.22K | $- | $- | $- | $- | $- | $- | $66.28K | $- | $553.86K | $105.90K | $- | $51.24K | $- | $- | $- | $1.79K | $- | $- |
| Net Debt | $-47.95K | $-289.99K | $-272.38K | $-619.00K | $-128.71K | $-1.38M | $-455.15K | $-214.32K | $64.54K | $-879 | $552.67K | $104.61K | $-43.46K | $50.12K | $-2.44K | $-3.14K | $-18.53K | $95 | $-1.84K | $-2.23M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $164.77M | $149.98M | $-72.69M | $325.32M | $-18.86M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $51.56K | $-409.68K | $-354.90K | $538.64K | $-1.56M |
| Accounts Receivables | $140.84K | $543.25K | $-480.01K | $187.04K | $-303.69K |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $22.52K | $-504.12K | $224.67K | $-1.30M |
| Other Working Capital | $-89.27K | $-975.44K | $629.23K | $126.93K | $47.38K |
| Other Non Cash Items | $44.72M | $-11.41M | $275.02M | $-165.18M | $145.62M |
| Net Cash Provided by Operating Activities | $209.54M | $138.16M | $201.97M | $160.67M | $125.21M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-1.59B | $-751.08M | $-782.42M |
| Sales Maturities of Investments | $- | $- | $1.42B | $991.10M | $924.26M |
| Other Investing Activities | $- | $81.71M | $343.48M | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $171.74M | $240.03M | $141.84M |
| Debt Repayment | $- | $- | $- | $-66.28K | $-487.57K |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-84.53M | $-2.74M | $- | $- | $-11.35M |
| Dividends Paid | $-125.24M | $-135.28M | $-202.44M | $-160.01M | $-113.37M |
| Other Financing Activities | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-209.76M | $-138.02M | $-202.44M | $-160.08M | $-125.21M |
| Effect of Forex Changes on Cash | $-18 | $-2 | $-64 | $-47 | $85 |
| Net Change in Cash | $-225.31K | $143.61K | $-468.28K | $596.20K | $549 |
| Cash at End of Period | $47.95K | $273.26K | $129.65K | $597.93K | $1.74K |
| Cash at Beginning of Period | $273.26K | $129.65K | $597.93K | $1.74K | $1.19K |
| Operating Cash Flow | $209.54M | $138.16M | $201.97M | $160.67M | $125.21M |
| Capital Expenditure | $- | $1 | $- | $- | $- |
| Free Cash Flow | $209.54M | $138.16M | $201.97M | $160.67M | $125.21M |
Cash Flow Charts
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $121.05M | $70.69M | $79.29M | $79.08M | $-151.77M | $65.89M | $259.43M | $281.86M | $-300.72M | $169.39M | $214.92M | $-113.18M | $-11.94M | $142.02M | $102.42M | $146.92M | $57.13M | $10.06M | $-7.72M | $31.66M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-697.01K | $-1.15M | $739.52K | $-91.60K | $-263.30K | $-427.12K | $965.76K | $1.10M | $-2.66M | $1.33M | $283.14K | $140.10K | $-346.43K | $3.09M | $-1.97M | $190.40K | $143.64K | $-244.62K | $237.52K | $-75.37K |
| Accounts Receivables | $-930.34K | $-72.88K | $616.12K | $-663.14K | $183.12K | $-301.48K | $488.52K | $718.34K | $-1.02M | $-95.52K | $135.70K | $313.38K | $-270.47K | $1.91M | $-1.01M | $-99.11K | $119.17K | $-216.71K | $361.93K | $-74.90K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-87.12K | $-961.71K | $984.23K | $-51.02K | $-453.10K | $-20.96K | $245.63K | $316.73K | $-1.62M | $1.51M | $55.83K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $320.45K | $-114.61K | $-860.83K | $622.55K | $6.68K | $-104.68K | $231.62K | $66.91K | $-19.53K | $-79.07K | $91.61K | $-173.28K | $-75.96K | $1.18M | $-960.90K | $289.52K | $24.47K | $-27.91K | $-124.42K | $-465 |
| Other Non Cash Items | $-139.19M | $-62.60M | $-61.07M | $-52.46M | $170.51M | $-44.23M | $-311.15M | $-295.06M | $312.46M | $-183.32M | $-228.37M | $165.64M | $64.82M | $-92.58M | $-35.33M | $-94.18M | $-4.26M | $40.94M | $62.67M | $-2.77M |
| Net Cash Provided by Operating Activities | $-18.84M | $5.90M | $20.56M | $25.81M | $18.20M | $20.91M | $-50.01M | $-11.06M | $6.44M | $-11.18M | $-12.97M | $52.60M | $52.53M | $52.53M | $65.11M | $52.93M | $53.02M | $50.76M | $55.19M | $28.81M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-331.84M | $-357.91M | $-381.05M | $-1.12B | $-468.90M | $-360.87M | $-390.21M | $-233.99M | $-548.43M | $-326.10M | $-392.73M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $445.92M | $296.82M | $401.29M | $883.87M | $533.29M | $458.22M | $532.88M | $316.17M | $608.09M | $396.32M | $441.37M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $81.71M | $- | $343.48M | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $114.08M | $20.62M | $20.24M | $107.35M | $64.39M | $97.35M | $142.67M | $82.18M | $59.66M | $70.22M | $48.64M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $66.28K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-2.74M | $- | $- | $- | $- | $- | $-11.35M | $- | $- | $- | $- | $- | $- | $-12.27M | $- | $- | $- | $- | $- |
| Dividends Paid | $-62.51M | $-73.46M | $-61.82M | $-140.43M | $-62.01M | $-104.18M | $-55.83M | $-56.07M | $-57.30M | $-87.26M | $-52.58M | $-52.52M | $-52.58M | $-52.54M | $-52.86M | $-52.91M | $-53.02M | $-52.99M | $-52.95M | $-28.74M |
| Other Financing Activities | $169.22K | $38.08M | $30.93M | $- | $- | $- | $-66.28K | $- | $-553.86K | $447.95K | $105.90K | $-51.24K | $51.24K | $-2 | $12.27M | $-1.79K | $1.79K | $- | $- | $-1 |
| Net Cash Used Provided by Financing Activities | $-62.34M | $-76.24M | $-61.78M | $-140.43M | $-62.01M | $-104.18M | $-55.90M | $-67.36M | $-57.85M | $-86.81M | $-52.47M | $-52.57M | $-52.53M | $-52.54M | $-65.13M | $-52.91M | $-53.02M | $-52.99M | $-52.95M | $-28.74M |
| Effect of Forex Changes on Cash | $- | $9 | $-10 | $-1 | $-31 | $2 | $-26 | $55 | $-12 | $4 | $- | $-36 | $-56 | $14 | $-2 | $-28 | $-64 | $100 | $12 | $42 |
| Net Change in Cash | $185.96K | $-346.09K | $489.69K | $-1.25M | $923.94K | $241.63K | $214.57K | $-964 | $1.51K | $-27.76M | $-16.80M | $13.94K | $-662 | $-349 | $-7.69K | $8.42K | $-71 | $-1.12M | $1.12M | $66.66K |
| Cash at End of Period | $459.21K | $273.26K | $619.35K | $129.65K | $1.38M | $457.93K | $216.31K | $1.74K | $2.70K | $1.19K | $1.30K | $13.94K | $-662 | $-349 | $-7.69K | $8.42K | $-71 | $-1.12M | $1.12M | $66.66K |
| Cash at Beginning of Period | $273.26K | $619.35K | $129.65K | $1.38M | $457.93K | $216.31K | $1.74K | $2.70K | $1.19K | $27.77M | $16.81M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Cash Flow | $-18.84M | $5.90M | $20.56M | $25.81M | $18.20M | $20.91M | $-50.01M | $-11.06M | $6.44M | $-11.18M | $-12.97M | $52.60M | $52.53M | $52.53M | $65.11M | $52.93M | $53.02M | $50.76M | $55.19M | $28.81M |
| Capital Expenditure | $-5 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-18.84M | $5.90M | $20.56M | $25.81M | $18.20M | $20.91M | $-50.01M | $-11.06M | $6.44M | $-11.18M | $-12.97M | $52.60M | $52.53M | $52.53M | $65.11M | $52.93M | $53.02M | $50.76M | $55.19M | $28.81M |
BlackRock Enhanced Equity Dividend Trust Dividends
Explore BlackRock Enhanced Equity Dividend Trust's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
76.01%
Dividend Paid & Capex Coverage Ratio
1.67x
BlackRock Enhanced Equity Dividend Trust Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.0619 | $0.0619 | March 14, 2025 | March 14, 2025 | March 31, 2025 | March 03, 2025 |
| $0.0619 | $0.0619 | February 14, 2025 | February 14, 2025 | February 28, 2025 | February 03, 2025 |
| $0.0619 | $0.0619 | January 15, 2025 | January 15, 2025 | January 31, 2025 | January 02, 2025 |
| $0.0619 | $0.0619 | December 16, 2024 | December 16, 2024 | December 23, 2024 | November 22, 2024 |
| $0.0562 | $0.0562 | November 15, 2024 | November 15, 2024 | November 29, 2024 | September 12, 2024 |
| $0.0562 | $0.0562 | October 15, 2024 | October 15, 2024 | October 31, 2024 | September 12, 2024 |
| $0.0562 | $0.0562 | September 16, 2024 | September 16, 2024 | September 30, 2024 | September 03, 2024 |
| $0.0562 | $0.0562 | August 15, 2024 | August 15, 2024 | August 30, 2024 | August 01, 2024 |
| $0.0562 | $0.0562 | July 15, 2024 | July 15, 2024 | July 31, 2024 | July 01, 2024 |
| $0.0562 | $0.0562 | June 14, 2024 | June 14, 2024 | June 28, 2024 | June 03, 2024 |
| $0.0562 | $0.0562 | May 14, 2024 | May 15, 2024 | May 31, 2024 | May 01, 2024 |
| $0.0562 | $0.0562 | April 12, 2024 | April 15, 2024 | April 30, 2024 | April 01, 2024 |
| $0.0562 | $0.0562 | March 14, 2024 | March 15, 2024 | March 28, 2024 | March 01, 2024 |
| $0.0562 | $0.0562 | February 14, 2024 | February 15, 2024 | February 29, 2024 | February 01, 2024 |
| $0.0562 | $0.0562 | January 11, 2024 | January 12, 2024 | January 31, 2024 | January 02, 2024 |
| $0.1112 | $0.1112 | December 14, 2023 | December 15, 2023 | December 20, 2023 | October 02, 2023 |
| $0.0562 | $0.0562 | November 14, 2023 | November 15, 2023 | November 30, 2023 | October 02, 2023 |
| $0.0562 | $0.0562 | October 13, 2023 | October 16, 2023 | October 31, 2023 | October 02, 2023 |
| $0.0562 | $0.0562 | September 14, 2023 | September 15, 2023 | September 29, 2023 | September 01, 2023 |
| $0.0562 | $0.0562 | August 14, 2023 | August 15, 2023 | August 31, 2023 | August 01, 2023 |
BlackRock Enhanced Equity Dividend Trust News
Read the latest news about BlackRock Enhanced Equity Dividend Trust, including recent articles, headlines, and updates.
BDJ: Discount Narrows But Still Worth Holding For The Steady Monthly Distribution
BlackRock Enhanced Equity Dividend Fund has seen solid performance, benefiting from value-oriented sectors and a narrowing discount. BlackRock announced another discount management program but with changes, making it less likely to trigger tender offers but still potentially providing some support against wider discounts. The fund offers an attractive 8.38% distribution yield, which is supported by the fund's portfolio holdings and options writing strategy.
BDJ: Writing Options Against Quality With An 8% Yield
The Blackrock Enhanced Equity Dividend Trust (BDJ) achieves a yield of 8% by writing options against a basket of dividend-paying stocks. BDJ's entire return over the last five years is attributable to dividends paid to shareholders, highlighting its strong distribution performance. The fund's consistent dividend payments and stable price make it a suitable investment for income-focused investors.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
BDJ: Consistent Performance And More Resilient During Market Downturns
BlackRock Enhanced Equity Dividend Fund offers attractive total returns through consistent income generation and an option strategy, making it ideal for income-focused investors. The fund's portfolio focuses on large-cap companies with dividend growth potential and uses options to enhance income, though this limits price appreciation. BDJ's price resilience in down markets and potential benefits from future interest rate cuts support a continued buy rating.
BDJ: 9% Income, 8% Discount, And Lower Volatility
The BlackRock Enhanced Equity Dividend Fund is a closed-end fund that invests in the equity of large-cap, dividend-paying stocks, mostly from the Russell-1000 Value index. The number of positions is usually limited to around 100. It also utilizes an options writing strategy on the underlying individual holdings to lower volatility and enhance income. BDJ offers a high-income yield of almost 9% after its recent distribution increase and a moderately high discount of roughly 8%.
BDJ: Successful Tender Offer And Distribution Increase
BlackRock Enhanced Equity Dividend Fund (BDJ) completed its second tender offer, and it was another successful one for those who participated, thanks to a significant portion being accepted. As they were just wrapping up the tender offers and cash was yet to be distributed, they also announced distribution increases on a number of funds, with BDJ being one. The fund's discount had narrowed with these positive moves, which makes the next tender offer unlikely, though the discount has been widening back out with recent market volatility.
BDJ: Fairly Priced Near NAV, Making It A Hold
BlackRock Enhanced Equity Dividend Fund offers a high yield, blending dividend-paying stocks and a covered call strategy, making it attractive for income investors. The fund's historical distribution trend is upward but not steep, with a yield on cost of about 7% or higher over the past decade. BDJ's portfolio focuses on established large caps, particularly in financials and health care, ensuring steady income and modest growth.
11 Closed-End Fund Buys In The Month Of November 2024
This month, I've added to 11 different positions, but most of these were related to repurchases after the BlackRock tender offers. While I added to 11 different positions, these were all positions I had already held previously, so there were no new positions this month. In fact, I sold out of a fund to consolidate my holdings and reduce the number of funds held, as I did last month as well.
BDJ: Positive Outlook With Reliable Distributions
BlackRock Enhanced Equity Dividend Fund (BDJ) offers a solid 7.8% dividend yield and distributions are paid out on a monthly basis. The fund's strategy involves exposure to dividend paying large-cap stocks and implementing some option writing. BDJ is currently trading at an attractive 8.3% discount to NAV, with potential benefits from recent and anticipated interest rate cuts.
BDJ: Attractive Monthly Distribution, Remains A 'Buy'
BlackRock Enhanced Equity Dividend Fund (BDJ) provides exposure to a value-oriented portfolio while employing a covered call strategy. BDJ's portfolio has been performing better as more value-oriented sectors get some attention with rate cuts expected to be coming soon. The fund offers a 7.81% distribution yield, with a monthly distribution that's been stable or growing since 2014.
9 Closed-End Fund Buys In The Month Of August 2024
The broader equity market saw declines in early August but ended near all-time highs to finish off the month. I put some capital to work this month at the low, but not as much as I had planned initially, as the market swiftly recovered. Most of the moves this month were corporate action-driven events, primarily the BlackRock tender offers, as we finished up the first measurement period.
BDJ CEF: Secure High-Yields Without Chasing Yields
The BlackRock Enhanced Equity Dividend Fund leverages factor investing and options strategies to mitigate price volatility while providing substantial income through dividends and option premiums. BDJ's partial hedging and high-quality stock selection aim to balance capital appreciation with risk management, making it attractive in a low-interest-rate environment. Despite risks like negative skewness and excess kurtosis, BDJ's historical performance and respectable fees support its potential for solid income-based returns.
BDJ And SPE: Double Digit Discounts And Monthly Distributions
Investing in closed-end funds offers opportunities to exploit discounts and premiums, potentially leading to increased upside. BlackRock Enhanced Equity Dividend Fund and Special Opportunities Fund are currently trading at large double-digit discounts, and that can make them compelling investment options. Both funds offer monthly distributions to investors as well, which can make it easier to be patient in holding these funds over the long term.
BDJ: Growing NAV And Trades At Discount But Has A Few Caveats
BlackRock Enhanced Equity Dividend Trust is a closed-end fund that aims to generate cash flows to support current income through dividend-paying stocks and option strategies. BDJ offers a current dividend yield of 8.7% and monthly distributions, making it attractive for investors seeking income in retirement. However, BDJ lacks exposure to the technology sector, which has limited its potential for capital appreciation compared to funds like BlackRock Science and Technology Trust (BST).
5 Closed-End Fund Buys In The Month Of April 2024
April turned out to be a little more exciting, with the broader equity market pulling back. This helped to create some added volatility that saw discounts widen in some closed-end funds. Every month I put some money to work in an effort to grow my monthly cash flow over time.
BDJ: Discount Staying Wide, Staying Attractive
BlackRock Enhanced Equity Dividend Fund (BDJ) is trading at a historically attractive discount level, making it a candidate for a potential investment. BDJ utilizes a covered call strategy and benchmarks the Russell 1000 Value Index and MSCI USA Value Call Overwrite Index. The fund's distribution yield is 8.41%, and its monthly distribution has remained reliable and steady (seeing a couple of increases) for over a decade.
BDJ: Enhanced Income Comes At A Cost
BlackRock Enhanced Equity Dividend Fund uses option writing to enhance distributions and seeks dividend growth. BDJ currently sells at a 10% discount. BDJ has shown poor total returns compared to other equity funds and growth-oriented equity funds. Three other funds are used to illustrate that point. While BDJ provided enhanced income compared to many equity funds, its poor total return compared to those same funds and growth-oriented equity funds earn it a Sell rating.
BDJ: Good Covered Call Fund For Those Looking To Own A Portfolio Of Dividend Stocks
BlackRock Enhanced Equity Dividend Fund offers a high yield of 8.36% and invests primarily in common equities, providing income-focused investors with upside potential. Compared to other covered call and enhanced equity funds, the BlackRock Enhanced Equity Dividend Trust has a higher yield and less aggressive option strategy. The fund's performance has trailed the S&P 500 Index, but its distribution track record and consistent income make it an attractive choice for investors seeking a high level of current income.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.
Warning: Don't Be Lazy With Your Retirement Portfolio
Creating a "lazy" dividend portfolio with just a few picks is not recommended, as it lacks diversification and exposes the portfolio to significant risk. Funds that provide stable dividends may not always deliver consistent returns, as the underlying assets and market conditions can change. The top-performing stocks in the market tend to change over time - difficult to predict which stocks will continue to outperform in the future. Diversification is key to managing risk.
The 8% Income Portfolio: 2023 Year-End Review
2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.
My Top 10 Closed-End Fund Holdings: December 2023
I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.
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