BlackRock Municipal Bond Trust (NYSE:BBK) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.054 per share by the financial services provider on Thursday, August 1st. This represents a $0.65 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, July 12th.
BlackRock Municipal Bond Trust has decreased its dividend by an average of 2.3% annually over the last three years.
NYSE BBK opened at $14.99 on Wednesday. BlackRock Municipal Bond Trust has a 1-year low of $13.06 and a 1-year high of $15.02. The company has a 50-day moving average price of $14.72.
BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.
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