| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
BDJ Stock Overview
BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.90 |
| 52 Week High | US$10.69 |
| 52 Week Low | US$8.21 |
| Beta | 1.14 |
| 1 Month Change | 2.70% |
| 3 Month Change | -4.53% |
| 1 Year Change | 14.72% |
| 3 Year Change | 20.73% |
| 5 Year Change | 19.86% |
| Change since IPO | -34.09% |
Recent News & Updates
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.
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.
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.
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
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.
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
| BDJ | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -2.8% | -5.5% | -4.6% |
| 1Y | 14.7% | 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
| BDJ volatility | |
|---|---|
| BDJ Average Weekly Movement | 2.4% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | n/a | n/a | https://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
| BDJ fundamental statistics | |
|---|---|
| Market Cap | US$1.84b |
| Earnings (TTM) | US$541.30m |
| Revenue (TTM) | US$44.16m |
3.4x
P/E Ratio41.7x
P/S RatioIs BDJ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BDJ income statement (TTM) | |
|---|---|
| Revenue | US$44.16m |
| Cost of Revenue | US$0 |
| Gross Profit | US$44.16m |
| Expenses | -US$497.13m |
| Earnings | US$541.30m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.91 |
| Gross Margin | 100.00% |
| Net Profit Margin | 1,225.63% |
| Debt/Equity Ratio | 0.0% |
How did BDJ perform over the long term?
See historical performance and comparisonDividends
6.1%
Current Dividend Yield21%
Payout RatioValuation
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
- Name: BlackRock Enhanced Equity Dividend Trust
- Ticker: BDJ
- Exchange: NYSE
- Founded: 2005
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$1.841b
- Shares outstanding: 186.00m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:05 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.