Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 16th will be given a dividend of 0.1318 per share by the investment management company on Tuesday, October 31st. This represents a $1.58 annualized dividend and a yield of 6.73%. The ex-dividend date is Friday, October 13th.
Shares of Blackrock Taxable Municipal Bond Trust (BBN) opened at 23.51 on Thursday. The company has a 50-day moving average price of $23.64 and a 200 day moving average price of $23.10. Blackrock Taxable Municipal Bond Trust has a 1-year low of $19.50 and a 1-year high of $23.96.
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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