BlackRock Municipal Bond Trust (NYSE:BBK) to Issue Monthly Dividend of $0.05
BlackRock Municipal Bond Trust (NYSE:BBK) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, July 12th.
BlackRock Municipal Bond Trust has decreased its dividend by an average of 2.3% per year over the last three years.
BBK stock opened at $15.03 on Thursday. BlackRock Municipal Bond Trust has a twelve month low of $13.06 and a twelve month high of $15.06. The company’s 50 day moving average is $14.73.
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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