Blackrock Taxable Municipal Bond Trust Announces Monthly Dividend of $0.11 (NYSE:BBN)
Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.112 per share by the investment management company on Friday, August 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Wednesday, August 14th.
Blackrock Taxable Municipal Bond Trust has raised its dividend payment by an average of 1.2% per year over the last three years.
BBN stock opened at $24.70 on Tuesday. The stock’s 50-day moving average is $23.81. Blackrock Taxable Municipal Bond Trust has a 52 week low of $19.59 and a 52 week high of $24.72.
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.
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