Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Announces Monthly Dividend of $0.09

Blackrock 2037 Municipal Target Term Trust (NYSE:BMNGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.094 per share on Wednesday, May 1st. This represents a $1.13 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, April 12th.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.6 %

Shares of NYSE:BMN traded down $0.14 on Wednesday, reaching $23.96. 6,756 shares of the company were exchanged, compared to its average volume of 24,696. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $21.51 and a 1-year high of $25.59. The stock’s 50-day simple moving average is $24.04.

Insider Buying and Selling at Blackrock 2037 Municipal Target Term Trust

In related news, Portfolio Manager Christian Romaglino acquired 1,350 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were acquired at an average cost of $23.92 per share, for a total transaction of $32,292.00. Following the acquisition, the portfolio manager now directly owns 1,350 shares in the company, valued at approximately $32,292. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BMN. Nomura Holdings Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth approximately $214,000. Royal Bank of Canada grew its position in Blackrock 2037 Municipal Target Term Trust by 30.1% in the fourth quarter. Royal Bank of Canada now owns 21,600 shares of the company’s stock valued at $514,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at approximately $454,000.

Blackrock 2037 Municipal Target Term Trust Company Profile

(Get Free Report)

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.

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