BlackRock Enhanced Government Fund (NYSE:EGF) Shares Up 0.4% After Dividend Announcement

Posted by ABMN Staff on Dec 10th, 2024

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF – Get Free Report)’s share price rose 0.4% on Monday after the company announced a dividend. The company traded as high as $10.00 and last traded at $9.95. Approximately 8,413 shares were traded during trading, an increase of 41% from the average daily volume of 5,973 shares. The stock had previously closed at $9.91.

The newly announced dividend which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a dividend of $0.041 per share. This represents a $0.49 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Enhanced Government Fund Stock Performance

The company has a 50-day moving average of $9.91 and a 200 day moving average of $9.74.

Institutional Investors Weigh In On BlackRock Enhanced Government Fund

A hedge fund recently raised its stake in BlackRock Enhanced Government Fund stock. Wolverine Asset Management LLC grew its stake in shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF – Free Report) by 42.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,624 shares of the company’s stock after buying an additional 7,027 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock Enhanced Government Fund were worth $221,000 at the end of the most recent quarter.

About BlackRock Enhanced Government Fund

(Get Free Report)

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S.