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

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, February 27th. Shareholders 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) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE:BBN opened at $16.03 on Wednesday. The firm has a 50-day moving average of $16.13 and a two-hundred day moving average of $16.51. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.38 and a 1-year high of $17.45.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

A number of institutional investors have recently modified their holdings of the stock. Sit Investment Associates Inc. raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.9% in the 4th quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after purchasing an additional 372,131 shares in the last quarter. Morgan Stanley raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 3.4% in the 4th quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock valued at $85,089,000 after purchasing an additional 169,391 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock valued at $35,607,000 after purchasing an additional 89,793 shares in the last quarter. Bank of America Corp DE raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock valued at $17,409,000 after purchasing an additional 387,300 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.4% in the 3rd quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock valued at $15,586,000 after purchasing an additional 39,843 shares in the last quarter.

About BlackRock Taxable Municipal Bond Trust

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.