BlackRock Taxable Municipal Bond Trust
BBNFinancial Services · Stock · monthly payer
Forward Yield
7.49%
Annual Dividend
$1.18
Payout Ratio
90%
5-Yr Growth
-3.4%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of August 2026, BlackRock Taxable Municipal Bond Trust (BBN) yields 7.49% ($1.18 per share annually), with a blended fair-value estimate of $12.47 — -21% downside, so it screens as overvalued. Dividend safety grade: C (55/100). 1 years of dividend growth.
Is BBN a good dividend stock?
MixedBlackRock Taxable Municipal Bond Trust (BBN) pays a monthly dividend yielding 7.49% ($1.18/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (90%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.49%
- Payout Ratio
- 90%
- Annual Dividend
- $1.18
- 5-Yr Avg Growth
- -3.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- $975.7M
- P/E Ratio
- 12.4
- 5-Yr Total Return
- -39%
- 52-Week Range
- —
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
BBN Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+4%
5 Years
-39%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BBN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for BlackRock Taxable Municipal Bond Trust is $12.47 per share, versus a market price of $15.79. That implies 21% of downside.
Fair Value
$12.47
Current Price
$15.79
Downside
-21%
Margin of Safety
-27%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), -3.6% stage-1 growth, 2.5% terminal growth, $1.27 EPS, $1.18 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BBN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.0990 | regular |
| Jul 15, 2026 | — | $0.0990 | regular |
| Jun 15, 2026 | — | $0.0990 | regular |
| May 15, 2026 | — | $0.0990 | regular |
| Apr 15, 2026 | — | $0.0990 | regular |
| Mar 13, 2026 | — | $0.0990 | regular |
| Feb 13, 2026 | — | $0.0990 | regular |
| Jan 20, 2026 | — | $0.0990 | regular |
| Dec 22, 2025 | — | $0.0990 | regular |
| Nov 14, 2025 | — | $0.0990 | regular |
| Oct 15, 2025 | — | $0.0990 | regular |
| Sep 15, 2025 | — | $0.0990 | regular |
| Aug 15, 2025 | — | $0.0990 | regular |
| Jul 15, 2025 | — | $0.0930 | regular |
Income Calculator
At $1.18 / yr per share
