Blackrock Maryland Municipal Bond Trust (NYSEAMERICAN:BZM) announced a monthly dividend on Monday, March 5th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.0474 per share on Monday, April 2nd. This represents a $0.57 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, March 14th.
Blackrock Maryland Municipal Bond Trust (NYSEAMERICAN BZM) traded up $0.04 during trading on Tuesday, hitting $13.26. 5,293 shares of the stock traded hands, compared to its average volume of 3,657. Blackrock Maryland Municipal Bond Trust has a 1 year low of $13.21 and a 1 year high of $15.90.
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BlackRock Maryland Municipal Bond Trust is a non-diversified, closed-end municipal bond fund. The Trust’s investment objective is to provide current income exempt from regular federal income taxes and Maryland personal income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and Maryland personal income taxes.
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