Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

BlackRock Enhanced Equity Dividend Trust (BDJ)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$12.56 - $17.68$15.10
Multi-Stage$23.09 - $25.31$24.18
Blended Fair Value$19.64
Current Price$8.89
Upside120.92%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.18%0.08%0.690.751.120.880.620.770.580.580.580.58
YoY Growth---7.42%-33.18%26.52%41.14%-18.93%33.04%-0.27%-0.51%-0.02%-14.74%
Dividend Yield--8.33%9.69%12.38%8.74%7.37%7.76%7.45%6.29%7.16%7.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)365.37
(-) Cash Dividends Paid (M)264.16
(=) Cash Retained (M)101.21
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)73.0745.6727.40
Cash Retained (M)101.21101.21101.21
(-) Cash Required (M)-73.07-45.67-27.40
(=) Excess Retained (M)28.1455.5473.81
(/) Shares Outstanding (M)181.54181.54181.54
(=) Excess Retained per Share0.150.310.41
LTM Dividend per Share1.461.461.46
(+) Excess Retained per Share0.150.310.41
(=) Adjusted Dividend1.611.761.86
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate-3.31%-2.31%-1.31%
Fair Value$12.56$15.10$17.68
Upside / Downside41.31%69.87%98.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)365.37356.92348.67340.61332.74325.04334.79
Payout Ratio72.30%75.84%79.38%82.92%86.46%90.00%92.50%
Projected Dividends (M)264.16270.69276.77282.43287.68292.54309.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate-3.31%-2.31%-1.31%
Year 1 PV (M)245.62248.16250.70
Year 2 PV (M)227.88232.61237.40
Year 3 PV (M)211.00217.61224.36
Year 4 PV (M)195.01203.20211.65
Year 5 PV (M)179.93189.43199.33
PV of Terminal Value (M)3,132.913,298.313,470.62
Equity Value (M)4,192.344,389.334,594.06
Shares Outstanding (M)181.54181.54181.54
Fair Value$23.09$24.18$25.31
Upside / Downside159.77%171.97%184.66%

High-Yield Dividend Screener

« Prev Page 13 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PCR.WAPCC Rokita S.A.7.82%$5.0595.33%
TQR.BKTQR Public Company Limited7.82%$0.3990.56%
KGI.BKKGI Securities (Thailand) Public Company Limited7.81%$0.3162.80%
PRDA.JKPT Prodia Widyahusada Tbk7.81%$180.5285.06%
AIMIRT.BKAIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust7.80%$0.8581.01%
AKRA.JKPT AKR Corporindo Tbk7.80%$99.8882.20%
SPREME.BKSupreme Distribution Public Company Limited7.80%$0.1190.62%
AYV.PAAyvens7.79%$0.9171.87%
1378.HKChina Hongqiao Group Limited7.78%$2.6556.89%
NRG.PANRJ Group S.A.7.78%$0.6363.81%
D2O.AXDuxton Water Limited7.77%$0.1250.68%
TVO-R.BKThai Vegetable Oil Public Company Limited7.77%$1.7462.11%
C38U.SICapitaLand Integrated Commercial Trust7.76%$0.1874.73%
002839.SZJiangsu Zhangjiagang Rural Commercial Bank Co., Ltd7.75%$0.3544.09%
0710.HKBOE Varitronix Limited7.75%$0.4239.15%
0951.HKChaowei Power Holdings Limited7.75%$0.1120.52%
1681.HKConsun Pharmaceutical Group Limited7.75%$1.2055.92%
AXA.DEAXA S.A.7.75%$3.1752.74%
RND.AXRand Mining Limited7.75%$0.2057.47%
601881.SSChina Galaxy Securities Co., Ltd.7.74%$1.2298.30%
TA1.DETelekom Austria AG7.74%$0.7679.04%
0746.HKLee & Man Chemical Company Limited7.73%$0.4035.48%
NESN.SWNestlé S.A.7.73%$6.0972.83%
2633.HKJacobson Pharma Corporation Limited7.72%$0.1036.63%
000498.SZShandong Hi-Speed Road and Bridge Group Co., Ltd.7.71%$0.4748.64%
0016.HKSun Hung Kai Properties Limited7.71%$7.4556.97%
0QKE.LVontobel Holding AG7.70%$4.4661.99%
HAEK.DEHaemato AG7.70%$1.6385.37%
2688.HKENN Energy Holdings Limited7.68%$5.3950.36%
ASIMAR.BKAsian Marine Services Public Company Limited7.68%$0.1260.54%
SAMS.PASamse S.A.7.68%$10.2556.16%
SEC.AXSpheria Emerging Companies Limited7.68%$0.2215.84%
UVAN.BKUnivanich Palm Oil Public Company Limited7.68%$1.0063.09%
JCT.BKJack Chia Industries (Thailand) Public Company Limited7.67%$6.4483.85%
KFL.NZKingfish Limited7.67%$0.1038.05%
ALRIB.PARiber S.A.7.65%$0.2771.18%
DXI.AXDexus Industria REIT7.65%$0.2117.56%
NISP.JKPT Bank OCBC NISP Tbk7.65%$106.0049.91%
SCG.AXScentre Group7.65%$0.3291.06%
002572.SZSuofeiya Home Collection Co., Ltd.7.62%$1.0488.29%
035000.KSHS Ad Inc.7.62%$648.8381.78%
JMT-R.BKJMT Network Services Public Company Limited7.62%$0.6769.23%
SQU.DEVinci S.A.7.62%$9.2455.99%
0QP2.LZurich Insurance Group AG7.61%$32.4879.70%
BAMI.MIBanco BPM S.p.A.7.61%$1.0080.93%
600795.SSGD Power Development Co.,Ltd7.60%$0.3892.13%
BTI.AXBailador Technology Investments Limited7.60%$0.0934.83%
SMPC.BKSahamitr Pressure Container Public Company Limited7.60%$0.6757.18%
0O33.LOeneo S.A.7.59%$0.7076.88%
BOREO.HEBoreo Oyj7.59%$1.0882.86%