BlackRock Taxable Municipal Bond Trust (BBN) to Issue Monthly Dividend of $0.10 on August 31st

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0986 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Taxable Municipal Bond Trust Stock Up 0.1%

Shares of BBN opened at $15.93 on Wednesday. The company’s 50 day moving average price is $15.95 and its 200 day moving average price is $16.09. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.47 and a 52 week high of $17.45.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Integrity Wealth Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the first quarter valued at approximately $717,000. Focused Wealth Management Inc lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.6% in the first quarter. Focused Wealth Management Inc now owns 812,411 shares of the investment management company’s stock worth $13,137,000 after buying an additional 35,989 shares during the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after buying an additional 89,793 shares during the period. Rareview Capital LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 1st quarter worth $1,238,000. Finally, J.W. Cole Advisors Inc. acquired a new position in BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at $3,736,000.

BlackRock Taxable Municipal Bond Trust Company Profile

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.