BlackRock Municipal Bond Trust (NYSE:BBK) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.0635 per share by the financial services provider on Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock Municipal Bond Trust has decreased its dividend payment by an average of 12.9% per year over the last three years.
Shares of BlackRock Municipal Bond Trust (NYSE:BBK) traded down $0.07 during mid-day trading on Monday, hitting $14.33. 30,137 shares of the stock were exchanged, compared to its average volume of 30,210. BlackRock Municipal Bond Trust has a 12 month low of $14.30 and a 12 month high of $16.47.
BlackRock Municipal Bond Trust Company Profile
BlackRock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from regular federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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