BlackRock Municipal Bond Trust (BBK) to Issue Monthly Dividend of $0.06
BlackRock Municipal Bond Trust (NYSE:BBK) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Stockholders of record on Friday, July 14th will be given a dividend of 0.0635 per share by the financial services provider on Tuesday, August 1st. This represents a $0.76 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Wednesday, July 12th.
BlackRock Municipal Bond Trust has increased its dividend payment by an average of 7.6% annually over the last three years.
BlackRock Municipal Bond Trust (BBK) traded up 0.13% on Wednesday, hitting $15.61. 42,913 shares of the stock traded hands. BlackRock Municipal Bond Trust has a 12 month low of $14.50 and a 12 month high of $18.55. The firm has a 50-day moving average price of $15.32 and a 200-day moving average price of $15.28. The company’s market capitalization is $164.25 million.
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About BlackRock Municipal Bond Trust
BlackRock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from regular federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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