Blackrock 2037 Municipal Target Term Trust (BMN) To Go Ex-Dividend on December 11th

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 given 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 4.9%. The ex-dividend date of this dividend is Friday, December 11th.

Blackrock 2037 Municipal Target Term Trust Price Performance

NYSE:BMN opened at $24.48 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 firm has a 50 day simple moving average of $25.40 and a 200-day simple moving average of $25.87.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at $103,000. Osaic Holdings Inc. raised its stake in Blackrock 2037 Municipal Target Term Trust by 173.2% during the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after acquiring an additional 3,170 shares during the period. DUTCH ASSET Corp bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter worth approximately $232,000. Dorsey & Whitney Trust CO LLC lifted its stake in Blackrock 2037 Municipal Target Term Trust by 33.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 12,000 shares of the company’s stock valued at $314,000 after buying an additional 3,000 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Blackrock 2037 Municipal Target Term Trust by 4.6% in the 4th quarter. Invesco Ltd. now owns 18,264 shares of the company’s stock valued at $478,000 after purchasing an additional 802 shares during the last quarter.

About Blackrock 2037 Municipal Target Term Trust

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.