Blackrock Taxable Municipal Bond Trust (BBN) Receiving Somewhat Favorable Media Coverage, Accern Reports
Media coverage about Blackrock Taxable Municipal Bond Trust (NYSE:BBN) has trended somewhat positive on Saturday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackrock Taxable Municipal Bond Trust earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 45.4033979719499 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Blackrock Taxable Municipal Bond Trust (BBN) opened at 23.78 on Friday. The stock’s 50 day moving average price is $23.57 and its 200 day moving average price is $22.92. Blackrock Taxable Municipal Bond Trust has a 52 week low of $19.50 and a 52 week high of $24.05.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.1318 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.58 annualized dividend and a dividend yield of 6.65%.
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Blackrock Taxable Municipal Bond Trust Company Profile
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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