BlackRock Equity Dividend Fund
MDDVX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- WILMINGTON DE 08543-9011 Wilmington DE United States of America 08543-9011
- IPO Date
- Oct 21, 1994
- CIK
- 0000814507
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Equity Dividend Fund (MDDVX) is an open-end mutual fund that seeks long-term total return and current income through a diversified portfolio of primarily U.S.-domiciled, high-quality, dividend-paying equity securities. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities—including common stock, preferred stock, convertible securities, non-convertible preferred stock, and derivatives providing exposure to such securities or associated market risk factors—and at least 80% in equity securities overall; it focuses on large capitalization companies with prospects for dividend growth and capital appreciation, while allocating up to 25% of assets to foreign issuers domiciled in any country. Key portfolio holdings include Citigroup Inc., Wells Fargo & Company, Cardinal Health Inc., SS&C Technologies Holdings Inc., and Amazon.com Inc., with a net expense ratio of 0.94% for Investor A shares and a front-end sales load of 5.25%; share classes also encompass Investor C (MCDVX), Institutional (MADVX), and Class R (MRDVX). Launched on October 21, 1994, the fund is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., with portfolio managers Tony DeSpirito (since 2014) and David Zhao (since 2017); it operates from BlackRock's headquarters in New York City, serving U.S. individual and institutional investors through financial intermediaries, with total net assets exceeding $18 billion and a portfolio turnover rate of 41% in the most recent fiscal year. The fund targets the large value equity segment, emphasizing lower volatility via dividend growers across sectors like financials, health care, industrials, and consumer staples, without pursuing a sustainable, impact, or ESG investment strategy. It is available primarily in the United States, with minimum initial investments of $1,000 for Investor A shares (waived or reduced for certain plans) and $50 thereafter. In recent developments, on November 19, 2024, the Board of Trustees approved amendments to the fund's investment strategy and process to comply with updated Rule 35d-1 (Names Rule) under the Investment Company Act of 1940, including refinements to its 80% policy on dividend-paying equities and derivatives; these changes took effect on or about August 28, 2025. The fund delivered a 6.31% return for Investor A shares (without sales charge) in Q3 2024, driven by industrials and communication services selection but detracted by financials exposure, amid 2024 annual returns of 9.54% versus the Russell 1000 Value Index benchmark of 14.37%. BlackRock maintains contractual fee waivers through June 30, 2026, capping expenses and supporting ongoing operational stability amid market volatility.