BlackRock Taxable Municipal Bond Trust (BBN) to Issue Monthly Dividend of $0.09 on December 23rd

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.0929 per share by the investment management company on Monday, December 23rd. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Monday, December 16th.

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

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE:BBN traded down $0.11 during midday trading on Friday, hitting $16.87. 203,550 shares of the stock traded hands, compared to its average volume of 235,210. The business’s 50 day moving average is $16.80 and its two-hundred day moving average is $16.93. BlackRock Taxable Municipal Bond Trust has a one year low of $15.39 and a one year high of $18.42.

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.