BlackRock Municipal Bond Trust (BBK) Plans Dividend Increase – $0.05 Per Share
BlackRock Municipal Bond Trust (NYSE:BBK) declared a special dividend on Tuesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 13th will be paid a dividend of 0.0472 per share by the financial services provider on Monday, December 31st. This represents a dividend yield of 5.54%. The ex-dividend date of this dividend is Wednesday, December 12th. This is a boost from BlackRock Municipal Bond Trust’s previous special dividend of $0.00438.
BlackRock Municipal Bond Trust has decreased its dividend payment by an average of 12.9% annually over the last three years.
Shares of BBK opened at $13.75 on Friday. BlackRock Municipal Bond Trust has a 52-week low of $13.06 and a 52-week high of $15.40.
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BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.
Further Reading: What is a Leveraged Buyout (LBO)?
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