BlackRock Municipal Bond Trust (NYSE:BBK) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Tuesday, January 16th will be paid a dividend of 0.0635 per share by the financial services provider on Thursday, February 1st. This represents a $0.76 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, January 12th.
BlackRock Municipal Bond Trust has increased its dividend by an average of 7.6% per year over the last three years.
Shares of BlackRock Municipal Bond Trust (NYSE:BBK) traded up $0.09 during trading hours on Wednesday, hitting $15.11. The company had a trading volume of 31,796 shares, compared to its average volume of 56,348. BlackRock Municipal Bond Trust has a 1-year low of $14.50 and a 1-year high of $16.47.
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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