BlackRock Taxable Municipal Bond Trust (BBN) to Issue Monthly Dividend of $0.10 on February 27th

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0986 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, February 13th.

BlackRock Taxable Municipal Bond Trust Price Performance

BlackRock Taxable Municipal Bond Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $16.52. 41,097 shares of the company’s stock traded hands, compared to its average volume of 247,702. The stock has a 50 day moving average of $16.56 and a two-hundred day moving average of $16.60. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $17.45.

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.