Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Tuesday, September 4th, NASDAQ reports. Stockholders of record on Friday, September 14th will be paid a dividend of 0.119 per share by the investment management company on Friday, September 28th. This represents a $1.43 annualized dividend and a dividend yield of 6.55%. The ex-dividend date is Thursday, September 13th.
Blackrock Taxable Municipal Bond Trust has decreased its dividend payment by an average of 5.9% annually over the last three years.
Shares of Blackrock Taxable Municipal Bond Trust stock traded down $0.07 during trading on Friday, hitting $21.80. 95,970 shares of the stock traded hands, compared to its average volume of 153,268. Blackrock Taxable Municipal Bond Trust has a twelve month low of $21.26 and a twelve month high of $23.94.
Blackrock Taxable Municipal Bond Trust Company Profile
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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