BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.093 per share by the investment management company on Friday, May 31st. This represents a $1.12 annualized dividend and a yield of 7.09%. The ex-dividend date is Tuesday, May 14th.
BlackRock Taxable Municipal Bond Trust has decreased its dividend by an average of 5.1% annually over the last three years.
BlackRock Taxable Municipal Bond Trust Stock Up 1.2 %
BBN traded up $0.19 on Friday, hitting $15.75. The company had a trading volume of 173,233 shares, compared to its average volume of 214,167. The company’s fifty day moving average price is $16.11 and its 200 day moving average price is $16.05. BlackRock Taxable Municipal Bond Trust has a 1 year low of $14.33 and a 1 year high of $18.07.
About BlackRock Taxable Municipal Bond Trust
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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