BlackRock Taxable Municipal Bond Trust Declares Monthly Dividend of $0.10 (NYSE:BBN)

by · The Cerbat Gem

BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) announced a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be given a dividend of 0.0986 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock Taxable Municipal Bond Trust Trading Down 0.5%

BBN opened at $16.03 on Wednesday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.38 and a fifty-two week high of $17.45. The company’s 50-day moving average price is $16.13 and its 200 day moving average price is $16.51.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Free Report)

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.

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