BDJ

Blackrock Enhanced Equity Dividend Trust

A closed-end investment fund managed by BlackRock that invests in large, dividend-paying companies and writes covered call options on part of its portfolio to boost the income it hands to shareholders. Launched in 2005 as the BlackRock Enhanced Dividend Achievers Trust — a nod to firms with long streaks of growing payouts — it took its current name in 2011. Unlike an open-ended mutual fund, its fixed share count trades on an exchange like a single stock.

Closed-End Fund (formerly BlackRock Strategic Dividend Achievers Trust / BlackRock Enhanced Dividend Achievers Trust)