BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Announces Monthly Dividend of $0.09

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.093 per share by the investment management company on Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.09.

BlackRock Taxable Municipal Bond Trust has decreased its dividend by an average of 5.1% annually over the last three years.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN stock traded up $0.29 during trading hours on Friday, reaching $17.41. The company had a trading volume of 284,495 shares, compared to its average volume of 220,019. The business has a fifty day moving average price of $16.28 and a 200-day moving average price of $16.24. BlackRock Taxable Municipal Bond Trust has a one year low of $14.33 and a one year high of $17.46.

BlackRock Taxable Municipal Bond Trust Company Profile

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.