Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) to Issue $0.09 Monthly Dividend

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.0938 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, March 13th.

Blackrock 2037 Municipal Target Term Trust Stock Performance

NYSE BMN traded down $0.13 on Wednesday, hitting $27.20. 1,489 shares of the company’s stock were exchanged, compared to its average volume of 9,674. The firm’s 50-day moving average price is $26.54 and its two-hundred day moving average price is $25.53. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.04 and a fifty-two week high of $27.96.

Blackrock 2037 Municipal Target Term Trust Company Profile

BlackRock 2037 Municipal Target Term Trust (NYSE:BMN) is a closed-end management investment company sponsored by BlackRock, Inc, one of the world’s largest asset managers. The trust was established to provide investors with exposure to a diversified portfolio of U.S. municipal securities and seeks to deliver federally tax-exempt income. As a target-term fund, BMN has a predetermined termination date of January 23, 2037, at which time the trust’s assets will be liquidated and net proceeds distributed to shareholders.

The fund’s investment objective is current income exempt from regular U.S.