BlackRock Equity Dividend K
MKDVX
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
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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
- Mar 30, 2016
- CIK
- 0000814507
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Equity Dividend Fund (Class K) (MKDVX) is an open-end mutual fund managed by BlackRock Advisors, LLC 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; it generally focuses on large-cap companies with prospects for capital appreciation and dividend growth, while maintaining flexibility across market capitalizations and up to 25% in foreign issuers via American Depositary Receipts or similar instruments. The strategy emphasizes securities offering attractive yields for total return and price stability, with a portfolio turnover rate of approximately 41-53%; key holdings as of recent data include Wells Fargo & Company, Citigroup Inc., Cardinal Health Inc., Amazon.com Inc., and SS&C Technologies Holdings Inc., spanning sectors such as financials, health care, technology, consumer discretionary, and energy. The Fund, part of BlackRock's suite of equity income strategies within the large value Morningstar category, targets institutional investors with a minimum initial investment of $5 million and serves customers seeking income-oriented U.S. equity exposure; it operates globally with primary emphasis on U.S. markets (approximately 84% allocation), supplemented by non-U.S. stocks (12%) and cash equivalents. Launched on March 28, 2016 for Class K shares (with the broader Fund inception on November 25, 1987), it is headquartered in New York alongside BlackRock Advisors, LLC, and manages total net assets of approximately $18.56 billion, with Class K representing about $3.08 billion. Portfolio managers Tony DeSpirito (since 2014) and David Zhao (since 2017) oversee the strategy, which received a Morningstar Silver medal as of January 24, 2025. In recent developments, the Fund's Board of Trustees approved significant updates to its investment strategy and process on November 19, 2024, to comply with amendments to Rule 35d-1 (the "Names Rule") under the Investment Company Act of 1940; these changes, effective on or about August 28, 2025, refine the principal investment strategies to explicitly detail the 80% policy on dividend-paying equities and derivatives, enhance focus on issuers with capital appreciation potential, and adjust disclosures on market cycle risks for dividend strategies. BlackRock maintains contractual fee waivers through June 30, 2026, including management fee waivers for investments in affiliated funds and reimbursements to cap net expense ratios at 0.59% for Class K shares (excluding certain expenses). No major acquisitions, partnerships, funding rounds, or product launches were reported in the last 1-2 years.