BlackRock Municipal Bond Trust (NYSE:BBK) announced a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.0635 per share by the financial services provider on Monday, October 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Thursday, September 14th.
BlackRock Municipal Bond Trust has increased its dividend payment by an average of 7.6% annually over the last three years.
BlackRock Municipal Bond Trust (NYSE:BBK) traded down 0.19% during midday trading on Wednesday, reaching $15.96. 4,235 shares of the company traded hands. BlackRock Municipal Bond Trust has a 12 month low of $14.50 and a 12 month high of $18.06. The company’s 50-day moving average price is $15.95 and its 200 day moving average price is $15.45.
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BlackRock Municipal Bond Trust Company Profile
BlackRock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from regular federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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