BlackRock Taxable Municipal Bond Trust Declares Monthly Dividend of $0.09 (NYSE:BBN)

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.093 per share by the investment management company on Friday, May 31st. This represents a $1.12 annualized dividend and a yield of 7.09%. The ex-dividend date is Tuesday, May 14th.

BlackRock Taxable Municipal Bond Trust has decreased its dividend by an average of 5.1% per year over the last three years.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE BBN traded up $0.19 during mid-day trading on Friday, reaching $15.75. The company had a trading volume of 173,233 shares, compared to its average volume of 214,167. The stock has a fifty day moving average of $16.11 and a two-hundred day moving average of $16.05. BlackRock Taxable Municipal Bond Trust has a 12-month low of $14.33 and a 12-month high of $18.07.

BlackRock Taxable Municipal Bond Trust Company Profile

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.