BlackRock Taxable Municipal Bond Trust (NYSE:BBN) to Issue Dividend Increase – $0.09 Per Share

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.093 per share by the investment management company on Friday, August 30th. This represents a $1.12 annualized dividend and a yield of 6.37%. The ex-dividend date is Thursday, August 15th. 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% annually over the last three years.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN stock traded up $0.10 on Wednesday, hitting $17.51. The company had a trading volume of 30,675 shares, compared to its average volume of 220,135. BlackRock Taxable Municipal Bond Trust has a twelve month low of $14.33 and a twelve month high of $17.54. The company has a 50-day moving average price of $16.50 and a 200-day moving average price of $16.27.

About BlackRock Taxable Municipal Bond Trust

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.