Blackrock Taxable Municipal Bond Trust Plans Monthly Dividend of $0.13 (BBN)

Blackrock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.1318 per share by the investment management company on Wednesday, February 28th. This represents a $1.58 annualized dividend and a yield of 7.19%. The ex-dividend date is Wednesday, February 14th.

Blackrock Taxable Municipal Bond Trust has decreased its dividend payment by an average of 5.9% per year over the last three years.

Blackrock Taxable Municipal Bond Trust (NYSE BBN) traded down $0.08 during mid-day trading on Monday, reaching $22.01. The company’s stock had a trading volume of 259,924 shares, compared to its average volume of 231,601. Blackrock Taxable Municipal Bond Trust has a 1 year low of $21.49 and a 1 year high of $23.96.

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About Blackrock Taxable Municipal Bond Trust

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.

Dividend History for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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