Press coverage about Blackrock Taxable Municipal Bond Trust (NYSE:BBN) has trended positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackrock Taxable Municipal Bond Trust earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 46.9655129909813 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of NYSE BBN traded up $0.09 during midday trading on Thursday, reaching $22.72. The company’s stock had a trading volume of 296,502 shares, compared to its average volume of 189,781. Blackrock Taxable Municipal Bond Trust has a fifty-two week low of $21.38 and a fifty-two week high of $23.96.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.1318 dividend. The ex-dividend date is Friday, April 13th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 6.96%.
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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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