BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Plans Monthly Dividend of $0.10

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be given a dividend of 0.0986 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, December 11th.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE BBN opened at $15.28 on Friday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.21 and a 1 year high of $17.45. The company has a fifty day moving average of $15.83 and a 200 day moving average of $15.99.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. increased its holdings in BlackRock Taxable Municipal Bond Trust by 5.9% in the 4th quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock worth $109,255,000 after acquiring an additional 372,131 shares in the last quarter. Morgan Stanley increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 3.4% in the 4th quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock worth $85,089,000 after acquiring an additional 169,391 shares during the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 4.3% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock valued at $35,607,000 after purchasing an additional 89,793 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 594.6% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,622,646 shares of the investment management company’s stock worth $26,238,000 after buying an additional 1,389,024 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of BlackRock Taxable Municipal Bond Trust by 2.4% during the 1st quarter. Bank of America Corp DE now owns 1,128,853 shares of the investment management company’s stock valued at $18,254,000 after buying an additional 26,778 shares during the period.

About BlackRock Taxable Municipal Bond Trust

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.