BMEZ CEF — BlackRock Health Sciences Trust II

BlackRock Health Sciences Trust II (BMEZ)

BMEZ is a low-cost CEF. its distribution rate is 7.88%, its trailing-12-month yield is 7.88%. Dividend Vision Distribution Safety Score™ is 43/100 (Caution). Total return is 53.4% over the past 6.6 years, 107.1 points behind SPY at 160.5%.

At the current 7.88% distribution rate, a $10,000 investment would generate approximately $788 per year, or $65.67 per month.

BlackRock Health Sciences Trust II is a closed-end fund that invests in health sciences equities, seeking to provide both capital appreciation and current income. The fund distributes income monthly and currently carries a high distribution rate. As a closed-end fund structure, it may trade at a premium or discount to its net asset value, and investors should note that the expense ratio information is not readily available.

BMEZ performance versus SPY

Price and return data through 2026-09-21.

Total return is 53.4% over the past 6.6 years, 107.1 points behind SPY at 160.5%. Over the past year its total return — price change plus distributions reinvested — is 27.9%. Its deepest 1-year drawdown was 11.2%.

BMEZ key facts

Distribution Safety Score™

43 · Caution

Safety-Adjusted Yield

3.39%

Issuer

BlackRock

Asset type

CEF

Asset class

Equity

Inception date

01/29/2020

Distribution rate

7.88%

Distribution frequency

Monthly

Trailing yield

7.88%

5-year average yield

10.56

Last close

$16.75 (as of 2026-09-21)

NAV

N/A

Premium / discount

N/A

Market cap

$1,031,273,152

Average volume

78118.0

Next dividend

$0.11

Next ex-dividend date

10/15/2026

Beta

0.5632

How Dividend Vision calculates yield and returns

Distribution rate (7.88%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (7.88%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: BlackRock; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BMEZ risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.2%.

Who may consider BMEZ — and who may not

BMEZ may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from BlackRock.