Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be given a dividend of 0.112 per share by the investment management company on Wednesday, July 31st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Friday, July 12th.
Blackrock Taxable Municipal Bond Trust has raised its dividend payment by an average of 1.2% per year over the last three years.
BBN opened at $23.63 on Wednesday. Blackrock Taxable Municipal Bond Trust has a 52 week low of $19.59 and a 52 week high of $23.86. The firm’s fifty day moving average is $23.49.
BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.
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