BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.093 per share by the investment management company on Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 6.44%. The ex-dividend date is Thursday, August 15th. This is a boost from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.09.
BlackRock Taxable Municipal Bond Trust has decreased its dividend by an average of 5.1% per year over the last three years.
BlackRock Taxable Municipal Bond Trust Stock Up 0.8 %
Shares of BBN opened at $17.34 on Tuesday. The firm’s 50 day moving average is $16.47 and its 200-day moving average is $16.26. BlackRock Taxable Municipal Bond Trust has a 12-month low of $14.33 and a 12-month high of $17.54.
About BlackRock Taxable Municipal Bond Trust
BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.
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