Dividend of The Day: Can we expect Blackrock MuniEnhanced Fund, Inc. (NYSE:MEN) to bring investors news of $0.06 dividends?

Dividend of The Day: Can we expect Blackrock MuniEnhanced Fund, Inc. (NYSE:MEN) to bring investors news of $0.06 dividends?

Blackrock MuniEnhanced Fund, Inc. (NYSE:MEN) is expected to pay $0.06 on Nov 1, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Blackrock MuniEnhanced Fund, Inc.’s current price of $12.41, the dividend is 0.45%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 5, 2016. The stock decreased 0.24% or $0.03 on October 10, hitting $12.41. Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) has declined 0.16% since March 8, 2016 and is downtrending. It has underperformed by 9.48% the S&P500.

BlackRock MuniEnhanced Fund, Inc. is a non-diversified closed-end management investment company. The company has a market cap of $365.15 million. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and investment management. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.12, from 1 in 2016Q1. The ratio dived, as 8 funds sold all Blackrock MuniEnhanced Fund Inc. shares owned while 9 reduced positions. 2 funds bought stakes while 13 increased positions. They now own 2.42 million shares or 11.22% less from 2.72 million shares in 2016Q1.
Creative Planning has invested 0% of its portfolio in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN). Van Eck Assoc Corp holds 58,907 shares or 0% of its portfolio. Moreover, Financial Bank Of America De has 0% invested in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) for 632,448 shares. Morgan Stanley accumulated 377,615 shares or 0% of the stock. Citigroup Incorporated, a New York-based fund reported 579 shares. Raymond James And holds 0% of its portfolio in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) for 105,223 shares. A D Beadell Investment Counsel Incorporated, a Wisconsin-based fund reported 37,800 shares. Lpl Fincl Limited Liability owns 19,244 shares or 0% of their US portfolio. Northern has invested 0% of its portfolio in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN). The New York-based Oppenheimer And has invested 0% in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN). Alexandria Capital Limited Liability Corp last reported 5,438 shares in the company. Ladenburg Thalmann Svcs has 0% invested in the company for 2,906 shares. Raymond James Trust Na has 21,376 shares for 0.02% of their US portfolio. The Ohio-based Fifth Third Bank has invested 0% in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN). Wells Fargo Mn holds 0% or 21,608 shares in its portfolio.

MEN Company Profile

BlackRock MuniEnhanced Fund, Inc. (the Fund), formerly known as MuniEnhanced Fund, Inc., is a non-diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from federal income taxes. It invests primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The Fund may write covered call options, and purchase call and put options. It may invest in certain securities, whose income return is inversely related to changes in a floating interest rate (inverse floaters). The Fund may also invest in swap agreements. The Fund invests in leveraged residual certificates (TOB Residuals) issued by tender option bond trusts.

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