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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.0993 per share on Monday, November 2nd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 15th. This is a 5.9% increase from Blackrock 2037 Municipal Target Term Trust’s previous monthly dividend of $0.09.

Blackrock 2037 Municipal Target Term Trust Stock Performance

NYSE BMN opened at $24.56 on Friday. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $24.45 and a 1 year high of $27.96. The stock’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $25.88.

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.