Stock fact sheet · data as of
BlackRock Enhanced Equity Dividend Trust (BDJ): fair value, margin of safety and Wheel Score
Ticker symbol BDJ · Financial Services · Asset Management · United States · Blend Income
Is BDJ undervalued?
BDJ has a margin of safety of 77%: the stock closed at 9.73 on 5 Nov 2026 against a GLS average fair value of 41.81. 6 of the 7 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 7 models disagree widely: DCF gives 1.78 while GLS Growth gives 102.50. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for BDJ, so the nightly engine files it under Blend (value score 86, growth score 92, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BDJ
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.78 | -82% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 19.61 | +102% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 95.77 | +884% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 41.86 | +330% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 102.50 | +953% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 12.59 | +29% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 18.60 | +91% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.0987 | -99% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: BDJ passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 6.0 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are high - ROIC 16.1%, ROE 16.1%, ROA 15.9% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 8.80% (payout ratio 51%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 16.1% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 16.1% |
| Debt / equity | 0.00 | ROA | 15.9% |
| Free-cash-flow yield | -3.6% | Payout ratio | 51% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 32: No options
BDJ has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (32 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 405k shares a day on a market cap of $1.7B, with a beta of 0.84; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 77% below fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 6.0/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.84, $1.7B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BDJ in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.0619 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to BlackRock Enhanced Equity Dividend Trust by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PDO Pimco Dynamic Income Opportunities Fund | 12.06 | 13.40 | +10% | 17No options | $1.7B |
| CDHAX Calvert International Responsible Idx A | 43.21 | 40.69 | -6% | 16No options | $1.7B |
| GLPIX Goldman Sachs MLP Energy Infrastructure Fund | 40.91 | - | - | 14No options | $1.7B |
| CLM Cornerstone Strategic Value Fund, Inc. | 6.11 | 29.57 | +79% | 25No options | $1.7B |
| PTOAX PIMCO StocksPLUS Absolute Return Fund Class A | 13.00 | 6.80 | -91% | 10No options | $1.7B |
| FCTFX Fidelity California Municipal Income | 12.01 | 12.59 | +5% | 14No options | $1.7B |
| NUV Nuveen Municipal Value Fund, Inc. | 8.41 | 11.62 | +28% | 23No options | $1.7B |
| TSLX Sixth Street Specialty Lending, Inc. | 17.81 | 17.66 | -1% | 32Weak | $1.7B |
| ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 14.51 | 63.02 | +77% | 25No options | $1.7B |
| FMIYX FMI International Fund Institutional Class | 39.90 | 88.92 | +55% | 29No options | $1.8B |
| FMIJX FMI International Fund | 39.62 | 45.10 | +12% | 21No options | $1.8B |
| BSTZ BlackRock Science and Technology Trust II | 25.57 | 413.55 | +94% | 31No options | $1.8B |
⚖ Compare BDJ with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about BDJ
Is BDJ undervalued right now?
By the GLS models, yes: at 9.73 the stock is 77% below the average fair value of 41.81 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BDJ and what does it mean?
BDJ has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for BDJ?
41.81 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does BlackRock Enhanced Equity Dividend Trust report earnings next?
No upcoming earnings date is recorded for BDJ in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BDJ have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BDJ, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.