Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders 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 by an average of 5.9% per year over the last three years.
Shares of Blackrock Taxable Municipal Bond Trust (BBN) opened at $22.01 on Tuesday. Blackrock Taxable Municipal Bond Trust has a 12-month low of $21.49 and a 12-month 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.
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