BlackRock Taxable Municipal Bond Trust (BBN) to Issue Monthly Dividend of $0.10 on June 30th

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) announced 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 dividend yield of 7.4%. The ex-dividend date is Monday, June 15th.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE:BBN traded up $0.03 during mid-day trading on Friday, reaching $16.09. 61,723 shares of the stock were exchanged, compared to its average volume of 200,520. The business has a fifty day moving average price of $16.04 and a 200 day moving average price of $16.34. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.47 and a 1-year high of $17.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. grew its holdings in BlackRock Taxable Municipal Bond Trust by 5.9% during the fourth quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock worth $109,255,000 after acquiring an additional 372,131 shares during the period. Morgan Stanley grew its holdings in BlackRock Taxable Municipal Bond Trust by 3.4% during the fourth quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock worth $85,089,000 after acquiring an additional 169,391 shares during the period. Eagle Bluffs Wealth Management LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 4.3% during the first quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after acquiring an additional 89,793 shares during the period. Bank of America Corp DE grew its holdings in BlackRock Taxable Municipal Bond Trust by 2.4% during the first quarter. Bank of America Corp DE now owns 1,128,853 shares of the investment management company’s stock worth $18,254,000 after acquiring an additional 26,778 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in BlackRock Taxable Municipal Bond Trust by 4.4% during the third quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock worth $15,586,000 after acquiring an additional 39,843 shares during the period.

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.