BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end equity mutual fund managed by BlackRock Advisors, LLC and BlackRock International Limited. The Trust seeks to provide current income and current gains, with a secondary objective of long-term capital appreciation, by investing at least 80% of its net assets in dividend-paying equity securities of non-U.S. companies across all market capitalizations, with a primary focus on large capitalization issuers; it employs an options-writing strategy, typically writing covered call and put options on approximately 30% to 45% of its portfolio to enhance income; the portfolio spans diversified sectors including information technology, financials, health care, consumer discretionary, and others, with key holdings such as Taiwan Semiconductor Manufacturing Co. Ltd., Shell Plc, HDFC Bank Ltd., SAP SE, and Tencent Holdings Ltd.; the fund benchmarks its performance against the S&P Global ex-U.S. Broad Market Index.
Launched on May 30, 2007 and domiciled in the United States, with administrative operations based at 50 Hudson Yards, New York, New York, the Trust previously operated as BlackRock International Growth and Income Trust. It distributes income monthly to shareholders, maintaining a high yield through its dividend-focused equities and options overlay, targeting investors seeking international diversification outside the U.S. Geographic exposure encompasses global developed and emerging markets excluding the United States.
In recent developments, the Trust renewed its discount management program in November 2025 alongside certain other BlackRock closed-end funds to address share price discounts to net asset value; it raised its monthly dividend by 26% to $0.0426 per share in declarations during 2025; portfolio managers continued to emphasize sector allocations amid market shifts, sustaining focus on high-yield international equities and call-writing amid a strong U.S. dollar environment.