(BDJ) BlackRock Enhanced Equity - Overview
Fund: Equity, Dividend, Portfolio, Trust
Dividends
| Dividend Yield | 9.63% |
| Yield on Cost 5y | 17.77% |
| Yield CAGR 5y | -0.35% |
| Payout Consistency | 91.8% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 12.6% |
| Relative Tail Risk | 3.72% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.96 |
| Alpha | 7.09 |
| Character TTM | |
|---|---|
| Beta | 0.681 |
| Beta Downside | 0.772 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.78% |
| CAGR/Max DD | 0.56 |
Description: BDJ BlackRock Enhanced Equity January 15, 2026
BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a U.S.-based closed-end fund that pursues a “Derivative Income” style, using options and other derivatives to boost dividend yields while managing downside risk. The fund’s primary objective is to deliver a high, sustainable distribution to shareholders, leveraging a diversified equity portfolio that is typically weighted toward large-cap, dividend-paying stocks.
As of the latest filing (Q4 2024), BDJ reported a distribution yield of roughly 9.2% and an expense ratio of 0.85%, both above the average for similar equity-income funds. The portfolio’s sector tilt leans heavily toward financials and consumer staples, which historically benefit from rising interest-rate environments-a key macro driver given the Fed’s current tightening cycle. Additionally, the fund’s use of covered-call strategies has historically added an estimated 1.5%-2% annualized return in low-volatility markets, though this benefit can erode when implied volatility spikes.
Investors should monitor the fund’s net asset value (NAV) discount/premium dynamics, as BDJ has historically traded at a 5%-10% discount to NAV, reflecting market sentiment on closed-end fund pricing. For a deeper dive into BDJ’s valuation metrics and how its derivative overlay performs under different market regimes, you might explore ValueRay’s analyst tools.
What is the price of BDJ shares?
Over the past week, the price has changed by +0.94%, over one month by +2.56%, over three months by +11.32% and over the past year by +19.99%.
Is BDJ a buy, sell or hold?
What are the forecasts/targets for the BDJ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 11.7 | 20.5% |
BDJ Fundamental Data Overview February 02, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.78b USD (1.78b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.78b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.78b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.43% (E(1.78b)/V(1.78b) * Re(8.43%) + (debt-free company))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)