Ex-Dividend Date Insight: BlackRock Taxable

On July 1, 2021, BlackRock Taxable BBN announced shareholders can expect to receive a dividend payable on July 30, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. BlackRock Taxable has an ex-dividend date planned for July 14, 2021. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 5.45% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

BlackRock Taxable's Dividend Performance

Over the past year, BlackRock Taxable has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 12, 2021 the company's payout was $0.12, which has returned to its value today. BlackRock Taxable's dividend yield last year was 5.64%, which has since decreased by 0.19%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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