CEFs BDJ And BOE: BDJ Safe For Now While BOE Gets A Cut [Seeking Alpha]
Blackrock Enhanced Equity Dividend Trust (BDJ)
US:NYSE Investor Relations:
blackrock.com/investing/products/240225/blackrock-enhanced-equity-dividend-trust-usd-fund
Company Research
Source: Seeking Alpha
Summary BlackRock Enhanced Global Dividend Trust ( BOE ) just recently announced a distribution cut. This would usually be a good purchasing point when a fund has made a cut, as typically it is suggested that they won't have to make further cuts anytime soon. While I do believe this is the case for BOE, I would rather be buying the U.S. focused option fund offered by BlackRock: BlackRock Enhanced Equity Dividend Trust ( BDJ ). BDJ has maintained its distribution in the latest distribution announcement from BlackRock. The distribution cut for BOE was from a monthly payout of $0.078 to now a monthly per share amount of $0.063; this is a 19.2% distribution cut. The fund now yields 6.77%. For reference, BDJ pays out a monthly distribution at a rate of $0.0467 and has a yield of 6.19% currently. Other stats for the funds include: BOE Market Price $11.16 NAV Price $12.05 Discount of 7.39% 1-year z-score -1.20 Total Assets $830.708 million Expense rati
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BDJ
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- BDJ's page on the SEC website