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

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) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.8%

Shares of BMN stock traded up $0.21 during trading hours on Wednesday, reaching $26.41. 762 shares of the stock traded hands, compared to its average volume of 10,489. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.04 and a 1-year high of $26.93. The business has a fifty day moving average price of $25.92 and a 200 day moving average price of $25.13.

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.