Blackrock Taxable Municipal Bond Trust to Issue Monthly Dividend of $0.11 (NYSE:BBN)
Blackrock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.112 per share by the investment management company on Thursday, October 31st. This represents a $1.34 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Friday, October 11th.
Blackrock Taxable Municipal Bond Trust has increased its dividend by an average of 1.2% annually over the last three years.
NYSE:BBN opened at $24.72 on Thursday. Blackrock Taxable Municipal Bond Trust has a 1 year low of $19.59 and a 1 year high of $25.65. The firm’s fifty day simple moving average is $24.86 and its 200 day simple moving average is $23.63.
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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