BlackRock Taxable Municipal Bond Trust (BBN) To Go Ex-Dividend on January 20th

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0986 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, January 20th.

BlackRock Taxable Municipal Bond Trust Trading Down 0.4%

Shares of BBN stock opened at $16.53 on Friday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $17.45. The business’s 50 day moving average is $16.87 and its two-hundred day moving average is $16.55.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 1.4% during the third quarter. Riverbridge Partners LLC now owns 50,883 shares of the investment management company’s stock valued at $845,000 after purchasing an additional 689 shares in the last quarter. Advisory Services Network LLC raised its position in shares of BlackRock Taxable Municipal Bond Trust by 12.1% during the 3rd quarter. Advisory Services Network LLC now owns 13,000 shares of the investment management company’s stock worth $216,000 after purchasing an additional 1,400 shares during the last quarter. HighTower Advisors LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 152,682 shares of the investment management company’s stock valued at $2,534,000 after buying an additional 2,022 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 18.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,307 shares of the investment management company’s stock worth $250,000 after buying an additional 2,381 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $52,000.

About BlackRock Taxable Municipal Bond Trust

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.