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, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.0986 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, August 14th.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE BBN opened at $15.93 on Wednesday. The stock has a fifty day moving average of $15.95 and a 200-day moving average of $16.09. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.47 and a 52 week high of $17.45.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBN. Royal Bank of Canada boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 13.1% in the 1st quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after purchasing an additional 64,953 shares during the last quarter. Invesco Ltd. lifted its holdings in BlackRock Taxable Municipal Bond Trust by 3.5% in the second quarter. Invesco Ltd. now owns 772,393 shares of the investment management company’s stock valued at $12,443,000 after buying an additional 26,369 shares during the period. NewEdge Advisors LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 10.0% in the second quarter. NewEdge Advisors LLC now owns 37,780 shares of the investment management company’s stock valued at $609,000 after buying an additional 3,421 shares during the period. Raymond James Financial Inc. boosted its stake in BlackRock Taxable Municipal Bond Trust by 5.7% in the second quarter. Raymond James Financial Inc. now owns 899,059 shares of the investment management company’s stock valued at $14,484,000 after acquiring an additional 48,679 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in BlackRock Taxable Municipal Bond Trust by 8.9% in the second quarter. Benjamin Edwards Inc. now owns 118,574 shares of the investment management company’s stock valued at $1,910,000 after acquiring an additional 9,707 shares during the last quarter.

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.