BlackRock Municipal Bond Trust to Issue Monthly Dividend of $0.06 (BBK)
BlackRock Municipal Bond Trust (NYSE:BBK) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.0635 per share by the financial services provider on Wednesday, November 1st. This represents a $0.76 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, October 13th.
BlackRock Municipal Bond Trust has raised its dividend by an average of 7.6% annually over the last three years.
BlackRock Municipal Bond Trust (BBK) traded up 0.13% on Tuesday, hitting $15.59. 29,226 shares of the stock were exchanged. The company has a 50 day moving average of $15.85 and a 200 day moving average of $15.51. BlackRock Municipal Bond Trust has a one year low of $14.50 and a one year high of $17.93.
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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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