BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Plans Monthly Dividend of $0.09

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.0929 per share by the investment management company on Friday, February 28th. This represents a $1.11 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Friday, February 14th.

BlackRock Taxable Municipal Bond Trust has decreased its dividend by an average of 5.8% per year over the last three years.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE:BBN traded up $0.02 during mid-day trading on Tuesday, reaching $16.50. The stock had a trading volume of 161,393 shares, compared to its average volume of 150,036. The business’s 50 day moving average price is $16.42 and its 200 day moving average price is $16.95. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.39 and a 1 year high of $18.42.

BlackRock Taxable Municipal Bond Trust Company Profile

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.