Blackrock 2037 Municipal Target Term Trust Declares Monthly Dividend of $0.10 (NYSE:BMN)

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be paid a dividend of 0.0993 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, December 11th.

Blackrock 2037 Municipal Target Term Trust Price Performance

NYSE BMN opened at $24.56 on Friday. The company has a fifty day simple moving average of $25.43 and a 200 day simple moving average of $25.88. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $24.45 and a 12-month high of $27.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BMN. Hennion & Walsh Asset Management Inc. raised its stake in shares of Blackrock 2037 Municipal Target Term Trust by 0.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after purchasing an additional 630 shares during the last quarter. Invesco Ltd. boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 4.6% during the fourth quarter. Invesco Ltd. now owns 18,264 shares of the company’s stock valued at $478,000 after buying an additional 802 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% during the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock valued at $825,000 after buying an additional 1,746 shares during the last quarter. Van ECK Associates Corp grew its holdings in Blackrock 2037 Municipal Target Term Trust by 6.3% during the second quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after buying an additional 2,154 shares in the last quarter. Finally, DUTCH ASSET Corp grew its holdings in Blackrock 2037 Municipal Target Term Trust by 30.3% during the first quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock worth $300,000 after buying an additional 2,689 shares in the last quarter.

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.