Blackrock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.1318 per share by the investment management company on Friday, September 29th. This represents a $1.58 annualized dividend and a yield of 6.67%. The ex-dividend date is Thursday, September 14th.
Blackrock Taxable Municipal Bond Trust (NYSE:BBN) traded up 0.04% on Wednesday, reaching $23.72. The company’s stock had a trading volume of 12,796 shares. Blackrock Taxable Municipal Bond Trust has a 12 month low of $19.50 and a 12 month high of $24.05. The firm’s 50 day moving average is $23.52 and its 200-day moving average is $22.89.
About Blackrock Taxable Municipal Bond Trust
BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.
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