BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Plans $0.10 Monthly Dividend

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be paid a dividend of 0.0986 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Thursday, October 15th.

BlackRock Taxable Municipal Bond Trust Stock Down 1.1%

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $15.28 on Friday. The stock’s fifty day simple moving average is $15.83 and its 200 day simple moving average is $15.99. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.21 and a 12 month high of $17.45.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of BlackRock Taxable Municipal Bond Trust by 13.1% in the 1st quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after purchasing an additional 64,953 shares during the period. Invesco Ltd. raised its holdings in BlackRock Taxable Municipal Bond Trust by 3.5% during the 2nd quarter. Invesco Ltd. now owns 772,393 shares of the investment management company’s stock worth $12,443,000 after buying an additional 26,369 shares during the period. NewEdge Advisors LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 10.0% during the 2nd quarter. NewEdge Advisors LLC now owns 37,780 shares of the investment management company’s stock worth $609,000 after buying an additional 3,421 shares during the period. Raymond James Financial Inc. lifted its stake in BlackRock Taxable Municipal Bond Trust by 5.7% in the second quarter. Raymond James Financial Inc. now owns 899,059 shares of the investment management company’s stock valued at $14,484,000 after buying an additional 48,679 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in BlackRock Taxable Municipal Bond Trust by 8.9% in the second quarter. Benjamin Edwards Inc. now owns 118,574 shares of the investment management company’s stock valued at $1,910,000 after buying an additional 9,707 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Company Profile

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.