BlackRock Enhanced Equity Dividend Trust
Market Cap
US$1.6b
Last Updated
2021/02/24 23:14 UTC
Data Sources
Company Financials
Executive Summary
BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. More Details
Rewards
Snowflake Analysis
Share Price & News
How has BlackRock Enhanced Equity Dividend Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BDJ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BDJ's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
BDJ
0.2%
US Capital Markets
-1.4%
US Market
1 Year Return
-0.7%
BDJ
33.4%
US Capital Markets
37.1%
US Market
Return vs Industry: BDJ underperformed the US Capital Markets industry which returned 29% over the past year.
Return vs Market: BDJ underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| BDJ | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 0.2% | -1.4% |
| 30 Day | 3.0% | 7.6% | 1.6% |
| 90 Day | 7.0% | 18.4% | 7.3% |
| 1 Year | 7.6%-0.7% | 36.8%33.4% | 40.2%37.1% |
| 3 Year | 21.1%-3.4% | 41.4%30.9% | 62.5%52.1% |
| 5 Year | 71.2%19.4% | 152.2%120.9% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is BlackRock Enhanced Equity Dividend Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is BlackRock Enhanced Equity Dividend Trust undervalued compared to its fair value and its price relative to the market?
18.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDJ ($8.81) is trading below our estimate of fair value ($10.78)
Significantly Below Fair Value: BDJ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BDJ is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: BDJ is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BDJ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BDJ is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (10.6x).
Future Growth
How is BlackRock Enhanced Equity Dividend Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.4%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackRock Enhanced Equity Dividend Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has BlackRock Enhanced Equity Dividend Trust performed over the past 5 years?
-3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDJ is currently unprofitable.
Growing Profit Margin: BDJ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BDJ is unprofitable, and losses have increased over the past 5 years at a rate of 3.7% per year.
Accelerating Growth: Unable to compare BDJ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BDJ is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (7.6%).
Return on Equity
High ROE: BDJ has a negative Return on Equity (-8.61%), as it is currently unprofitable.
Financial Health
How is BlackRock Enhanced Equity Dividend Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BDJ's short term assets ($4.0M) do not cover its short term liabilities ($22.3M).
Long Term Liabilities: BDJ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BDJ is debt free.
Reducing Debt: BDJ had no debt 5 years ago.
Debt Coverage: BDJ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BDJ has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is BlackRock Enhanced Equity Dividend Trust current dividend yield, its reliability and sustainability?
8.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDJ's dividend (8.75%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BDJ's dividend (8.75%) is in the top 25% of dividend payers in the US market (3.75%)
Stability and Growth of Payments
Stable Dividend: BDJ's dividend payments have been volatile in the past 10 years.
Growing Dividend: BDJ's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: BDJ is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Management
How experienced are the management team and are they aligned to shareholders interests?
14.1yrs
Average board tenure
CEO
BlackRock Enhanced Equity Dividend Trust has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| 10.08yrs | no data | no data | ||
| Chairman | 14.08yrs | US$18.05k | 0.00034% $ 5.6k | |
| 14.08yrs | US$14.62k | 0.00042% $ 6.9k | ||
| 14.08yrs | US$11.42k | no data | ||
| 14.08yrs | US$13.70k | 0.00023% $ 3.8k | ||
| 14.08yrs | US$12.33k | no data | ||
| Vice Chairman | no data | US$17.13k | 0.00084% $ 13.8k | |
| 14.08yrs | US$12.56k | no data | ||
| 10.08yrs | US$12.56k | 0.0013% $ 20.8k | ||
| 14.08yrs | US$11.88k | 0.00086% $ 14.1k |
14.1yrs
Average Tenure
73yo
Average Age
Experienced Board: BDJ's board of directors are seasoned and experienced ( 14.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BlackRock Enhanced Equity Dividend Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BlackRock Enhanced Equity Dividend Trust
- Ticker: BDJ
- Exchange: NYSE
- Founded: 2005
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.639b
- Shares outstanding: 187.54m
- Website: https://www.blackrock.com/investing/products/240225/blackrock-enhanced-equity-dividend-trust-usd-fund
Location
- BlackRock Enhanced Equity Dividend Trust
- 100 Bellevue Parkway
- Wilmington
- Delaware
- 19809
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BDJ | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Aug 2005 |
Biography
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 Unit...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 23:14 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.