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

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0986 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Taxable Municipal Bond Trust Stock Up 0.2%

Shares of BlackRock Taxable Municipal Bond Trust stock traded up $0.03 during midday trading on Friday, reaching $16.09. 61,723 shares of the company’s stock traded hands, compared to its average volume of 200,520. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.47 and a 52 week high of $17.45. The company’s 50 day simple moving average is $16.04 and its 200 day simple moving average is $16.34.

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.