BDJ Stock Summary and Trading Ideas (Blackrock Enhanced Equity Dividend Trust | NYSE:BDJ)

BlackRock Enhanced Equity Dividend Trust’s (BDJ) (the “Trust”) primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing in common stocks that pay dividends and have the potential for capital appreciation and by utilizing an option writing (selling) strategy to seek total return performance and enhance distributions. The Trust invests, under normal market conditions, at least 80% of its total assets in dividend paying equities. The Trust may invest directly in such securities or synthetically through the use of derivatives. On July 30, 2014, the Boards of the Trust and BlackRock Dividend Income Trust (“BQY”) approved the reorganization of BQY with and in to the Trust, with the Trust continuing as the surviving fund after the reorganization. At a special meeting of shareholders on November 10, 2014, the shareholders of BQY approved the reorganization of BQY with and in to the Trust. The reorganization was completed on December 8, 2014. The Board of the Trust approved a change of the fiscal year of the Trust from October 31st to December 31st.

Blackrock Enhanced Equity Dividend Trust trades on the NYSE stock market under the symbol BDJ.

As of November 22, 2024, BDJ stock price declined to $8.83 with 384,554 million shares trading.

BDJ has a beta of 0.41, meaning it tends to be less sensitive to market movements. BDJ has a correlation of 0.18 to the broad based SPY ETF.

BDJ has a market cap of $1.56 billion. This is considered a Small Cap stock.

In the last 3 years, BDJ traded as high as $10.45 and as low as $6.91.

BDJ has underperformed the market in the last year with a return of +26.3%, while SPY returned +32.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BDJ shares. However, BDJ has outperformed the market in the last 3 month and 2 week periods, returning +7.5% and +1.1%, while SPY returned +6.5% and 0.0%, respectively. This indicates BDJ has been having a stronger performance recently.

BDJ support price is $8.77 and resistance is $8.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BDJ shares will trade within this expected range on the day.