Blackrock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.112 per share by the investment management company on Monday, September 30th. This represents a $1.34 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Friday, September 13th.
Blackrock Taxable Municipal Bond Trust has increased its dividend payment by an average of 1.2% annually over the last three years.
Shares of BBN stock traded down $0.15 during trading hours on Thursday, hitting $25.34. 219,734 shares of the company’s stock traded hands, compared to its average volume of 150,832. Blackrock Taxable Municipal Bond Trust has a 12-month low of $19.59 and a 12-month high of $25.65. The stock’s fifty day simple moving average is $24.52 and its two-hundred day simple moving average is $23.31.
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.
Further Reading: Convertible Shares
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