BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) announced a monthly dividend on Monday, May 5th, Wall Street Journal reports. Stockholders of record on Thursday, May 15th will be given a dividend of 0.0929 per share by the investment management company on Friday, May 30th. This represents a $1.11 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Thursday, May 15th.
BlackRock Taxable Municipal Bond Trust has decreased its dividend payment by an average of 8.7% per year over the last three years.
BlackRock Taxable Municipal Bond Trust Trading Down 1.1 %
BBN opened at $16.01 on Tuesday. The stock has a 50-day moving average price of $16.31 and a 200-day moving average price of $16.43. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month 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.
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