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BDJ · BlackRock Enhanced Equity Dividend Trust

Know the company

Company overview

BlackRock Enhanced Equity Dividend Trust owns dividend-paying stocks and writes options. Shareholder cash can come from stock dividends and option-related investment results, not just the portfolio's net investment income.

Business
Equity option-income CEF
Listing
BDJ · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly

How the business works

Company dividends create one income stream. Written options and stock sales can add gains or losses, while market moves change NAV. Those pieces need to be viewed together for an equity option fund.

BlackRock Enhanced Equity Dividend Trust: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.0819Reviewed components · Payment Dec 22, 2026
  • Regular$0.0619
  • Special$0.02

Announced Sep 10, 2026

Dates and issuer sources
Announcement
Sep 10, 2026
Declaration
Sep 10, 2026
Ex-dividend
Dec 11, 2026
Record
Dec 11, 2026
Payment
Dec 22, 2026
Source reviewed
Sep 21, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$0.06

Jan 1, 2026 to Jun 30, 2026

Distribution yield7.75%Sourced distributions divided by dated market price
Reported annual income yield1.79%Reported net investment income $0.1700 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $9.4800. Excludes capital gains; historical, not a current yield or forecast.
Annual earnings$0.12Public Researched estimate per share
Annual dividend$0.74Current regular payment annualized per share
Distribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Jan 1, 2026 to Jun 30, 2026Net investment income$0.06Issuer source 1
Announced Sep 3, 2026

Reported NAV total return by period

Full-year fund-reported NAV total return. The shorter period remains in the table above and is not joined to this trend.

Market price and NAV per share

Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.

Business and earnings charts

Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$1,805.621 million net assets at June30,202611 reported sector groups

June30 allocation. Latest issuer net assets were $1,830.066 million on September18,2026, with86 holdings reported August31.

  • Information technology16.2%
  • Health care15.5%
  • Financials15.3%
  • Industrials12%
  • Consumer discretionary11.1%
  • Consumer staples6.8%
  • Materials5.7%
  • Energy5.7%
  • Utilities4.6%
  • Communication services4.1%
  • Real estate3%

Percent of total investments atJune30,2026, excluding short-term securities, short investments and options. This is not the option exposure percentage.

BlackRock BDJ dated portfolio statistics

Reported half-year income and expenses

2026-01-01 through 2026-06-30 · $ millions

Gross investment income$18.244m
Net expenses$7.672m
Net investment income$10.572m

For the first half of 2026, BDJ reported $0.06 of net investment income per share and $0.37 of distributions. The gap does not by itself mean the payment lacked support, because net investment income excludes the option and investment gains central to this strategy.

BlackRock Enhanced Equity Dividend Trust: financial report supporting reported earnings

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jan 1, 2026 to Jun 30, 2026$10.20+4.72%$0.37+8.94%BDJ SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2025 to Dec 31, 2025$9.74+7.98%$0.85+18.75%BDJ SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2024 to Dec 31, 2024$9.02+2.27%$0.68+10.89%BDJ SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2023 to Dec 31, 2023$8.82+0.92%$0.73+10.37%BDJ SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2022 to Dec 31, 2022$8.74-14.57%$1.09-3.71%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.
Jan 1, 2021 to Dec 31, 2021$10.23+9.41%$0.87+19.33%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.
Jan 1, 2020 to Dec 31, 2020$9.35-6.78%$0.60+0.77%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.
Jan 1, 2019 to Dec 31, 2019$10.03+14.76%$0.75+24.52%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.
Jan 1, 2018 to Dec 31, 2018$8.74-12.25%$0.56-6.59%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.
Jan 1, 2017 to Dec 31, 2017$9.96+8.03%$0.56+15.06%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.
Jan 1, 2016 to Dec 31, 2016$9.22+5.98%$0.56+13.90%Exact BDJ financial highlights; full years and latest half-year do not overlap. Reported returns include reinvestment.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.

Reporting period and filingNet investment income/shareCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2016-01-01 to 2016-12-31 $0.17 $0.56 $8.70 $9.22 5.98% 13.90%
2017-01-01 to 2017-12-31 $0.16 $0.56 $9.22 $9.96 8.03% 15.06%
2018-01-01 to 2018-12-31 $0.18 $0.56 $9.96 $8.74 -12.25% -6.59%
2019-01-01 to 2019-12-31 $0.18 $0.75 $8.74 $10.03 14.76% 24.52%
2020-01-01 to 2020-12-31 $0.18 $0.60 $10.03 $9.35 -6.78% 0.77%
2021-01-01 to 2021-12-31 $0.15 $0.87 $9.35 $10.23 9.41% 19.33%
2022-01-01 to 2022-12-31 $0.16 $1.09 $10.23 $8.74 -14.57% -3.71%
2023-01-01 to 2023-12-31 $0.18 $0.73 $8.74 $8.82 0.92% 10.37%
2024-01-01 to 2024-12-31 $0.17 $0.68 $8.82 $9.02 2.27% 10.89%
2025-01-01 to 2025-12-31 $0.17 $0.85 $9.02 $9.74 7.98% 18.75%
2026-01-01 to 2026-06-30 $0.06 $0.37 $9.74 $10.20 4.72% 8.94%

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in stocks and option strategies can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Leverage and financingThe current data service reports effective leverage of 0.11%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Option trade-offsWriting options can limit upside without eliminating equity losses. Premium receipts are not the same as realized investment profit.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How BDJ makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

BlackRock Enhanced Equity Dividend Trust: financial report supporting reported earnings

Options and portfolio exposure

BlackRock reports53.01% overwritten as ofAugust31,2026, using single-stock options.

Option writing changes upside participation and distribution resources; it is not a guaranteed source of profit.

BlackRock BDJ dated portfolio statistics

What the reported earnings support

BlackRock Enhanced Equity Dividend Trust reported $0.0600 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

BlackRock Enhanced Equity Dividend Trust: financial report supporting reported earnings

What would change the earnings picture?

Follow the next six-month investment result, option outcomes, distribution sources and NAV. Ask whether the cash paid has been accompanied by a healthy capital value.

Net asset value (NAV)

NAV per share$10.3300Sep 29, 2026
Market price$9.4900Sep 29, 2026
PREMIUM / DISCOUNT TO NAV8.13% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Ten annual income/distribution periods and the latest half-year are connected.
  • BlackRock declared $0.0619 regular monthly distributions through December2026 plus a separate $0.02 December tax distribution.
  • The regular annualized payment excludes the additional December amount.

What to watch next

  • Follow the next six-month investment result, option outcomes, distribution sources and NAV. Ask whether the cash paid has been accompanied by a healthy capital value.

Fly High context

Follow the next six-month investment result, option outcomes, distribution sources and NAV. Ask whether the cash paid has been accompanied by a healthy capital value.

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U.S. federal · Tax year 2025

Dividend tax treatment

The issuer's 2025 estimate shows mainly capital-gain distributions and ordinary dividends. The mix can change from year to year.

Ordinary, nonqualified
2.93%
Qualified dividends
26.97%
Capital-gain distributions
70.09%
Return of capital
0%

This 2025 estimate gives you a useful sense of where the cash may land for tax purposes. It may differ from the final forms. Think of it as a guide to the year, then use your own tax statement for the final split.

Read the source behind these figures. Your Form 1099-DIV is the guide for your own filing.

The issuer calls this breakdown an estimate. The issuer explicitly calls these amounts estimates and says they are not for tax reporting. Actual tax character depends on each shareholder's Form 1099-DIV. Never mark these rows final. Your Form 1099-DIV may show a different final mix. See the issuer's estimate.

Tax year: 2025.

Tax details and source
Total ordinary dividends (includes qualified)
29.9%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated September 30, 2026 3:40 pm

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