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BDJ

BlackRock Enhanced Equity Dividend TrustNYSE:BDJ Stock Report

Last Price

US$9.90

Market Cap

US$1.8b

7D

-2.8%

1Y

14.7%

Updated

21 Jan, 2022

Data

Company Financials
BDJ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

BDJ Stock Overview

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock Enhanced Equity Dividend Trust
Historical stock prices
Current Share PriceUS$9.90
52 Week HighUS$10.69
52 Week LowUS$8.21
Beta1.14
1 Month Change2.70%
3 Month Change-4.53%
1 Year Change14.72%
3 Year Change20.73%
5 Year Change19.86%
Change since IPO-34.09%

Recent News & Updates

Jan 15

BDJ: Switching From Tech To Value In The CEF World - 10%+ Returns

BDJ is a buy-write equity CEF focusing on value stocks and specifically financials. With an ongoing rotation from Tech to Value, BDJ is a great CEF vehicle to take advantage of this theme. The fund has outstanding 5- and 10-year total returns with a 0.6 Sharpe ratio (5-year lookback). Many managers are expressing overweight views on Financials as a sector for 2022.

Oct 03

BDJ: Attractive ~6% Distribution Yield Paid Monthly

BDJ has provided investors with an attractive return this year due to discount reduction. The fund pays an appealing ~6% distribution yield, while not the highest available, it is certainly sustainable. Today the shares could be picked up for an initial position and remain attractively priced relative to the rest of the CEF space.

Jul 26

BDJ: ~6% Distribution Rate - Latest Pullback An Opportunity

BDJ was making significant moves higher; that rally has paused recently. The fund pays out investors a monthly distribution at a distribution yield of ~6%. This move has also widened the fund's discount out a bit as it was getting very close to trading at par.

May 08

Evaluating CEFs: BDJ Is A Good Pick Despite Rough 2020

Photo by damedeeso/iStock via Getty Images Introduction I want to own CEFs that pay me a stable flow of income. I have developed a method of determining whether a specific CEF could provide a reliable stream of income. I developed my method after reading this article. Each article in the

Feb 04

BlackRock Enhanced Equity Dividend Trust declares $0.05 dividend

BlackRock Enhanced Equity Dividend Trust (BDJ) declares $0.05/share monthly dividend, in line with previous.Forward yield 6.98%Payable Feb. 26; for shareholders of record Feb. 16; ex-div Feb. 12.See BDJ Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

BlackRock Enhanced Equity Dividend Trust declares $0.05 dividend

BlackRock Enhanced Equity Dividend Trust (BDJ) declares $0.05/share monthly dividend, in line with previous.Forward yield 7.12%Payable Jan. 29; for shareholders of record Jan. 15; ex-div Jan. 14.See BDJ Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

BDJUS Capital MarketsUS Market
7D-2.8%-5.5%-4.6%
1Y14.7%24.6%7.7%

Return vs Industry: BDJ underperformed the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: BDJ exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is BDJ's price volatile compared to industry and market?
BDJ volatility
BDJ Average Weekly Movement2.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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.

About the Company

FoundedEmployeesCEOWebsite
2005n/an/ahttps://www.blackrock.com/investing/products/240225/blackrock-enhanced-equity-dividend-trust-usd-fund

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.

BlackRock Enhanced Equity Dividend Trust Fundamentals Summary

How do BlackRock Enhanced Equity Dividend Trust's earnings and revenue compare to its market cap?
BDJ fundamental statistics
Market CapUS$1.84b
Earnings (TTM)US$541.30m
Revenue (TTM)US$44.16m

3.4x

P/E Ratio

41.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BDJ income statement (TTM)
RevenueUS$44.16m
Cost of RevenueUS$0
Gross ProfitUS$44.16m
Expenses-US$497.13m
EarningsUS$541.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.91
Gross Margin100.00%
Net Profit Margin1,225.63%
Debt/Equity Ratio0.0%

How did BDJ perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is BlackRock Enhanced Equity Dividend Trust undervalued compared to its fair value and its price relative to the market?

3.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BDJ ($9.9) is trading above our estimate of fair value ($8.91)

Significantly Below Fair Value: BDJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BDJ is good value based on its PE Ratio (3.4x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: BDJ is good value based on its PE Ratio (3.4x) compared to the US market (16.9x).


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 (0.9x) compared to the US Capital Markets industry average (37.6x).

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?

6.3%

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?

-0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDJ has a high level of non-cash earnings.

Growing Profit Margin: BDJ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BDJ's earnings have declined by 0.8% per year over the past 5 years.

Accelerating Growth: BDJ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BDJ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (87.1%).


Return on Equity

High ROE: BDJ's Return on Equity (27.9%) is considered high.

Financial Health

How is BlackRock Enhanced Equity Dividend Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BDJ's short term assets ($10.8M) do not cover its short term liabilities ($21.1M).

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?

6.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BDJ's dividend (6.06%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BDJ's dividend (6.06%) is in the top 25% of dividend payers in the US market (3.49%)


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: With its low payout ratio (20.6%), BDJ's dividend payments are well covered by earnings.


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?

15.0yrs

Average board tenure


CEO

BlackRock Enhanced Equity Dividend Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BDJ's board of directors are seasoned and experienced ( 15 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 employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock Enhanced Equity Dividend Trust
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:05
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.