BlackRock Enhanced Capital and Income Fund, Inc. (CII) To Go Ex-Dividend on January 20th

by · The Markets Daily

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.141 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, January 20th.

BlackRock Enhanced Capital and Income Fund Trading Down 0.4%

Shares of CII stock opened at $23.54 on Friday. BlackRock Enhanced Capital and Income Fund has a fifty-two week low of $15.20 and a fifty-two week high of $26.17. The business’s 50 day moving average price is $23.73 and its 200-day moving average price is $22.91.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its stake in shares of BlackRock Enhanced Capital and Income Fund by 410.7% in the 2nd quarter. Guggenheim Capital LLC now owns 190,060 shares of the real estate investment trust’s stock worth $4,058,000 after buying an additional 152,841 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of BlackRock Enhanced Capital and Income Fund by 82.0% in the third quarter. Advisors Asset Management Inc. now owns 331,393 shares of the real estate investment trust’s stock worth $7,622,000 after acquiring an additional 149,330 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of BlackRock Enhanced Capital and Income Fund in the second quarter worth $1,267,000. Raymond James Financial Inc. increased its holdings in shares of BlackRock Enhanced Capital and Income Fund by 6.1% during the second quarter. Raymond James Financial Inc. now owns 1,007,121 shares of the real estate investment trust’s stock valued at $21,502,000 after acquiring an additional 57,978 shares in the last quarter. Finally, PMG Family Office LLC purchased a new position in shares of BlackRock Enhanced Capital and Income Fund in the 3rd quarter worth about $1,106,000.

About BlackRock Enhanced Capital and Income Fund

(Get Free Report)

BlackRock Enhanced Capital and Income Fund (NYSE: CII) is a diversified, closed-end management investment company organized in 1993 that seeks to provide shareholders with high current income and capital appreciation. The fund pursues its objectives by investing primarily in a portfolio of U.S. dollar-denominated senior secured floating-rate loans (commonly referred to as bank loans), high-yield corporate debt, collateralized loan obligations (CLOs) and other credit instruments. In order to enhance returns, the fund may employ leverage through borrowings and derivative exposures.

The fund’s portfolio construction emphasizes credit quality, yield generation and risk management.

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