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

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0929 per share by the investment management company on Friday, February 28th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend is Friday, February 14th.

BlackRock Taxable Municipal Bond Trust has decreased its dividend payment by an average of 5.8% annually over the last three years.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE BBN traded up $0.02 on Tuesday, reaching $16.50. 161,393 shares of the stock were exchanged, compared to its average volume of 150,036. BlackRock Taxable Municipal Bond Trust has a one year low of $15.39 and a one year high of $18.42. The company’s 50-day simple moving average is $16.42 and its two-hundred day simple moving average is $16.95.

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.