Blackrock Taxable Municipal Bond Trust Announces Monthly Dividend of $0.13 (BBN)
Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.1318 per share by the investment management company on Tuesday, October 31st. This represents a $1.58 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Friday, October 13th.
Shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) opened at 23.50 on Wednesday. The stock has a 50 day moving average of $23.64 and a 200 day moving average of $23.06. Blackrock Taxable Municipal Bond Trust has a one year low of $19.50 and a one year high of $23.96.
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About Blackrock Taxable Municipal Bond Trust
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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