BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Plans Dividend Increase – $0.09 Per Share

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.093 per share by the investment management company on Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.09.

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 Price Performance

Shares of NYSE BBN traded up $0.29 during midday trading on Friday, hitting $17.41. 284,495 shares of the company traded hands, compared to its average volume of 220,019. BlackRock Taxable Municipal Bond Trust has a 12-month low of $14.33 and a 12-month high of $17.46. The stock has a 50-day moving average price of $16.28 and a 200 day moving average price of $16.24.

About BlackRock Taxable Municipal Bond Trust

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.