Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
BlackRock Enhanced Equity Dividend Trust stock reached a 52-week high, climbing to $9.10. This marks a significant milestone for the $1.6 billion investment trust, which offers an impressive 8.19% dividend yield and has maintained dividend payments for 21 consecutive years. The stock’s year-to-date return of 16.01% significantly outpaces its 1-year performance, indicating strengthening momentum. The recent peak underscores the trust’s resilience and ability to generate returns in a fluctuating market environment. Trading at a P/E ratio of 9.23, investors are closely monitoring the trust’s performance. InvestingPro analysis reveals 5 additional key insights about BDJ’s valuation and financial health that could impact investment decisions.
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