BlackRock Taxable Municipal Bond Trust (BBN) To Go Ex-Dividend on September 15th

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.0986 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock Taxable Municipal Bond Trust Stock Down 0.3%

NYSE:BBN opened at $15.23 on Friday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.21 and a 52 week high of $17.45. The firm’s 50-day simple moving average is $15.81 and its 200 day simple moving average is $15.99.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BBN. Rivernorth Capital Management LLC raised its position in shares of BlackRock Taxable Municipal Bond Trust by 594.6% in the second quarter. Rivernorth Capital Management LLC now owns 1,622,646 shares of the investment management company’s stock valued at $26,238,000 after buying an additional 1,389,024 shares in the last quarter. MGO One Seven LLC grew its position in BlackRock Taxable Municipal Bond Trust by 12.2% during the second quarter. MGO One Seven LLC now owns 19,868 shares of the investment management company’s stock worth $321,000 after buying an additional 2,163 shares in the last quarter. Noble Wealth Management PBC increased its stake in BlackRock Taxable Municipal Bond Trust by 2.6% during the 2nd quarter. Noble Wealth Management PBC now owns 75,712 shares of the investment management company’s stock worth $1,224,000 after acquiring an additional 1,940 shares during the period. NewEdge Advisors LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 12.5% during the 1st quarter. NewEdge Advisors LLC now owns 48,284 shares of the investment management company’s stock worth $781,000 after acquiring an additional 5,363 shares during the period. Finally, Western Wealth Management LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the 1st quarter valued at $49,000.

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.