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

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0986 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, February 13th.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN stock opened at $16.49 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.37 and a 52 week high of $17.45. The firm has a 50-day simple moving average of $16.56 and a 200-day simple moving average of $16.60.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of BlackRock Taxable Municipal Bond Trust by 13.1% during the first quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock worth $9,383,000 after purchasing an additional 64,953 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter valued at $52,000. Keybank National Association OH boosted its stake in BlackRock Taxable Municipal Bond Trust by 8.3% during the 2nd quarter. Keybank National Association OH now owns 86,457 shares of the investment management company’s stock worth $1,393,000 after purchasing an additional 6,617 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the second quarter worth $219,000. Finally, Allworth Financial LP raised its position in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% in the second quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock valued at $69,000 after buying an additional 4,000 shares during the last quarter.

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.