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Definitive Analysis

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Page: Dividend Discount Model

BlackRock Enhanced Equity Dividend Trust

Ticker: BDJ | Industry: Asset Management | Sector: Financial Services
$9.50 -0.02 (-0.21%)
As of: 2026-01-23

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$4.52 - $5.40$4.98
Multi-Stage DDM$3.95 - $4.39$4.17
Blended Fair Value$4.57
Stock Price$9.32

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.7080.7271.0860.8600.6090.7460.5540.5610.5610.561
YoY %-2.62%-33.07%26.24%41.14%-18.26%34.49%-1.09%-0.01%-0.02%-19.02%
Yield7.594%7.798%11.652%9.230%6.540%8.000%5.949%6.014%6.014%6.015%

CAGRValue
5 Year-1.04%
10 Year0.22%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-16.76% to -14.76%-15.76%
WACC10.00%10.00%
Fair Value$4.52 - $5.40$4.98

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income164.77164.77164.77
(=) Cash Required32.9520.6012.36
Cash Retained164.77164.77164.77
(-) Cash Required-32.95-20.60-12.36
(=) Excess Retained131.82144.17152.41
(/) Shares Outstanding176,944,689176,944,689176,944,689
(=) Excess Retained per Share0.740.810.86
LTM Dividend per Share0.7080.7080.708
(+) Excess Retained per Share0.740.810.86
(=) Adjusted Dividend1.4531.5231.569

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income164.77138.80116.9398.5082.9869.90
Payout Ratio76.0%25.0%41.0%57.0%73.0%90.0%
Projected Dividends125.2434.7047.9456.1560.5862.91

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV32.6933.0933.48
Year 2 PV40.5741.5542.55
Year 3 PV42.6944.2445.84
Year 4 PV41.3743.3945.49
Year 5 PV38.6040.9743.46
TV PV502.93533.88566.32
Equity Value698.85737.12777.14
Fair Value$3.95$4.17$4.39
Stock Price$9.32$9.32$9.32

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