BlackRock Municipal Bond Trust (NYSE:BBK) announced a special dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Thursday, December 13th will be given a dividend of 0.0472 per share by the financial services provider on Monday, December 31st. This represents a yield of 5.54%. The ex-dividend date is Wednesday, December 12th. This is a positive change from BlackRock Municipal Bond Trust’s previous special dividend of $0.00438.
BlackRock Municipal Bond Trust has decreased its dividend payment by an average of 12.9% per year over the last three years.
NYSE:BBK opened at $13.75 on Friday. BlackRock Municipal Bond Trust has a 1-year low of $13.06 and a 1-year high of $15.40.
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BlackRock Municipal Bond Trust Company Profile
BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.
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