Blackrock Taxable Municipal Bond Trust (BBN) Declares $0.13 Monthly Dividend
Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.1318 per share by the investment management company on Thursday, November 30th. This represents a $1.58 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Tuesday, November 14th.
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Blackrock Taxable Municipal Bond Trust Company Profile
BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.
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