BlackRock Enhanced Equity Dividend Trust
BDJFinancial Services · Stock · monthly payer
Forward Yield
7.67%
Annual Dividend
$0.74
Payout Ratio
45%
5-Yr Growth
4.4%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, BlackRock Enhanced Equity Dividend Trust (BDJ) yields 7.67% ($0.74 per share annually), with a blended fair-value estimate of $19.33 — +99% upside, so it screens as undervalued. Dividend safety grade: B (79/100). 4 years of dividend growth.
Is BDJ a good dividend stock?
YesBlackRock Enhanced Equity Dividend Trust (BDJ) pays a monthly dividend yielding 7.67% ($0.74/yr), with 4 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (45%)
Risks
- Cut its dividend in 2015
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.67%
- Payout Ratio
- 45%
- Annual Dividend
- $0.74
- 5-Yr Avg Growth
- 4.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 4
- Frequency
- monthly
- Beta
- 0.84
- Market Cap
- $1.7B
- P/E Ratio
- 5.8
- 5-Yr Total Return
- -1%
- 52-Week Range
- $8.42 – $9.95
- Dividend Safety
- B · 79/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
BDJ Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+27%
5 Years
-1%
52-Week Range
$8.42 – $9.95
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BDJ worth?
Undervaluedlow confidenceOur blended fair-value estimate for BlackRock Enhanced Equity Dividend Trust is $19.33 per share, versus a market price of $9.69. That implies 99% of upside — a margin of safety of about 50%.
Fair Value
$19.33
Current Price
$9.69
Upside
+99%
Margin of Safety
50%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 4.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.5% discount rate (CAPM), 4.4% stage-1 growth, 2.5% terminal growth, $1.66 EPS, $0.74 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BDJ Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.0620 | regular |
| Jul 15, 2026 | — | $0.0620 | regular |
| Jun 15, 2026 | — | $0.0620 | regular |
| May 15, 2026 | — | $0.0620 | regular |
| Apr 15, 2026 | — | $0.0620 | regular |
| Mar 13, 2026 | — | $0.0620 | regular |
| Feb 13, 2026 | — | $0.0620 | regular |
| Jan 20, 2026 | — | $0.0620 | regular |
| Dec 22, 2025 | — | $0.1750 | regular |
| Nov 14, 2025 | — | $0.0620 | regular |
| Oct 15, 2025 | — | $0.0620 | regular |
| Sep 15, 2025 | — | $0.0620 | regular |
| Aug 15, 2025 | — | $0.0620 | regular |
| Jul 15, 2025 | — | $0.0620 | regular |
Income Calculator
At $0.74 / yr per share
