BlackRock Taxable Municipal Bond Trust (BBN) to Issue Monthly Dividend of $0.09 on February 29th

BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.093 per share by the investment management company on Thursday, February 29th. This represents a $1.12 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.09.

BlackRock Taxable Municipal Bond Trust has decreased its dividend payment by an average of 5.1% per year over the last three years.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN stock opened at $16.90 on Monday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $14.33 and a 12 month high of $18.36. The firm has a 50 day moving average of $16.48 and a two-hundred day moving average of $15.83.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Large investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its position in BlackRock Taxable Municipal Bond Trust by 62.9% in the third quarter. Harbour Investments Inc. now owns 2,850 shares of the investment management company’s stock worth $43,000 after acquiring an additional 1,100 shares in the last quarter. Advisory Services Network LLC grew its position in BlackRock Taxable Municipal Bond Trust by 33.3% in the first quarter. Advisory Services Network LLC now owns 4,000 shares of the investment management company’s stock worth $72,000 after acquiring an additional 1,000 shares in the last quarter. SVB Wealth LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $193,000. Jane Street Group LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $201,000. Finally, Rockefeller Capital Management L.P. bought a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $177,000.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Free Report)

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.

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

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