Blackrock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be given a dividend of 0.1318 per share by the investment management company on Tuesday, December 19th. This represents a $1.58 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend is Monday, December 11th.
Blackrock Taxable Municipal Bond Trust (NYSE BBN) traded up $0.02 during trading on Wednesday, reaching $23.15. The company’s stock had a trading volume of 97,236 shares, compared to its average volume of 122,031. Blackrock Taxable Municipal Bond Trust has a 12 month low of $21.06 and a 12 month high of $23.96.
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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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