Blackrock MuniEnhanced Fund, Inc. (NYSE:MEN) is expected to pay $0.06 on Dec 1, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Blackrock MuniEnhanced Fund, Inc.’s current price of $12.04, the dividend is 0.47%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.25% or $0.03 on November 8, hitting $12.04. Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) has declined 4.44% since April 7, 2016 and is downtrending. It has underperformed by 9.23% the S&P500.
BlackRock MuniEnhanced Fund, Inc. is a non-diversified closed-end management investment company. The company has a market cap of $359.56 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 dropped, 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.
Hightower Ltd last reported 12,280 shares in the company. Stifel Financial Corp last reported 23,236 shares in the company. Van Eck Assocs Corporation, a New York-based fund reported 58,907 shares. Ameriprise Finance owns 20,936 shares or 0% of their US portfolio. Northern Trust Corporation has 0% invested in the company for 10,144 shares. Nuveen Asset Mngmt Ltd Liability has 0% invested in the company for 58,051 shares. Moreover, Wells Fargo Co Mn has 0% invested in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) for 21,608 shares. Capital Advsr Ltd Liability Corp last reported 0.1% of its portfolio in the stock. Robinson Mngmt Ltd Liability Corp reported 243,283 shares or 1.81% of all its holdings. The New York-based Oppenheimer & has invested 0% in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN). Citigroup Inc holds 579 shares or 0% of its portfolio. Raymond James Tru Na holds 0.02% of its portfolio in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) for 21,376 shares. Invesco owns 359,544 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl accumulated 2,906 shares or 0% of the stock. Savings Bank Of America Corp De accumulated 0% or 632,448 shares.
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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