Blackrock Taxable Municipal Bond Trust (BBN) Hits New 12-Month High at $23.15

Blackrock Taxable Municipal Bond Trust (NYSE:BBN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.15 and last traded at $23.17, with a volume of 103769 shares traded. The stock had previously closed at $23.03.

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Tuesday, May 14th.

Large investors have recently modified their holdings of the business. Trustcore Financial Services LLC bought a new stake in Blackrock Taxable Municipal Bond Trust during the 4th quarter worth about $40,000. Cullen Frost Bankers Inc. bought a new stake in Blackrock Taxable Municipal Bond Trust during the 1st quarter worth about $42,000. Sontag Advisory LLC bought a new stake in Blackrock Taxable Municipal Bond Trust during the 4th quarter worth about $46,000. We Are One Seven LLC bought a new stake in Blackrock Taxable Municipal Bond Trust during the 4th quarter worth about $118,000. Finally, Bessemer Group Inc. bought a new stake in Blackrock Taxable Municipal Bond Trust during the 4th quarter worth about $118,000.

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Blackrock Taxable Municipal Bond Trust Company Profile (NYSE:BBN)

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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