BlackRock Taxable Municipal Bond Trust (BBN) To Go Ex-Dividend on April 12th

BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.093 per share by the investment management company on Tuesday, April 30th. This represents a $1.12 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend is Friday, April 12th.

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 Down 0.1 %

Shares of BlackRock Taxable Municipal Bond Trust stock traded down $0.01 during trading on Wednesday, hitting $16.11. 37,210 shares of the stock were exchanged, compared to its average volume of 221,972. The stock’s fifty day moving average is $16.54 and its 200 day moving average is $15.98. BlackRock Taxable Municipal Bond Trust has a 12 month low of $14.33 and a 12 month high of $18.19.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in BlackRock Taxable Municipal Bond Trust by 71.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,115,257 shares of the investment management company’s stock valued at $18,781,000 after acquiring an additional 466,583 shares during the last quarter. Morgan Stanley lifted its stake in BlackRock Taxable Municipal Bond Trust by 8.2% during the third quarter. Morgan Stanley now owns 3,470,839 shares of the investment management company’s stock valued at $52,618,000 after purchasing an additional 264,211 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $2,240,000. Jefferies Financial Group Inc. bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at $1,990,000. Finally, UBS Group AG lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 5.7% during the 1st quarter. UBS Group AG now owns 1,394,199 shares of the investment management company’s stock valued at $30,701,000 after acquiring an additional 74,920 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Free Report)

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.

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Dividend History for BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

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