BlackRock Municipal Bond Trust (NYSE:BBK) declared a monthly dividend on Monday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, April 1st. This represents a $0.65 annualized dividend and a yield of 4.54%. The ex-dividend date is Thursday, March 14th.
BlackRock Municipal Bond Trust has decreased its dividend by an average of 2.3% per year over the last three years.
BBK remained flat at $$14.41 during trading on Wednesday. 243 shares of the company’s stock traded hands, compared to its average volume of 30,194. BlackRock Municipal Bond Trust has a 12 month low of $13.06 and a 12 month high of $14.58.
BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.
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