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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.0938 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, February 13th.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.8%

NYSE BMN opened at $26.42 on Wednesday. The stock has a 50-day moving average of $25.92 and a 200 day moving average of $25.13. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.04 and a twelve month high of $26.93.

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.