BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be given a dividend of 0.0986 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, November 13th.
BlackRock Taxable Municipal Bond Trust Trading Down 1.1%
Shares of BBN opened at $15.28 on Friday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.21 and a fifty-two week high of $17.45. The firm has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $15.99.
Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust
A number of large investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at approximately $36,000. PNC Financial Services Group Inc. acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the first quarter valued at about $39,000. Western Wealth Management LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the first quarter worth about $49,000. Arkadios Wealth Advisors purchased a new position in BlackRock Taxable Municipal Bond Trust in the first quarter valued at about $173,000. Finally, Nwam LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 1st quarter worth approximately $178,000.
About BlackRock Taxable Municipal Bond Trust
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.
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