Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Monday, March 5th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.1318 per share by the investment management company on Monday, April 2nd. This represents a $1.58 annualized dividend and a dividend yield of 7.11%. The ex-dividend date is Wednesday, March 14th.
Blackrock Taxable Municipal Bond Trust has decreased its dividend payment by an average of 5.9% annually over the last three years.
Shares of Blackrock Taxable Municipal Bond Trust (NYSE BBN) traded up $0.03 during mid-day trading on Tuesday, hitting $22.24. 20,523 shares of the company traded hands, compared to its average volume of 203,471. Blackrock Taxable Municipal Bond Trust has a 1-year low of $21.38 and a 1-year high of $23.96.
About Blackrock Taxable Municipal Bond Trust
BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.
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