BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Announces $0.10 Monthly Dividend

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.0986 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN opened at $16.09 on Friday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.47 and a 12 month high of $17.45. The stock has a fifty day moving average price of $16.04 and a 200 day moving average price of $16.34.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

A number of large investors have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. bought a new position in BlackRock Taxable Municipal Bond Trust in the 1st quarter worth about $39,000. Western Wealth Management LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 1st quarter worth about $49,000. Farther Finance Advisors LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 99.2% in the fourth quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 3,126 shares during the period. Finally, Commons Capital LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at approximately $165,000.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.