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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.0938 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, March 13th.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.4%

Blackrock 2037 Municipal Target Term Trust stock traded down $0.11 during midday trading on Wednesday, reaching $27.22. 1,489 shares of the company traded hands, compared to its average volume of 9,674. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.04 and a 12 month high of $27.96. The business has a 50 day moving average of $26.54 and a two-hundred day moving average of $25.53.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 104,095 shares of the company’s stock worth $2,611,000 after buying an additional 5,290 shares during the last quarter. UBS Group AG lifted its holdings in Blackrock 2037 Municipal Target Term Trust by 11.7% in the third quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after acquiring an additional 8,216 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at about $1,844,000. Van ECK Associates Corp boosted its position in Blackrock 2037 Municipal Target Term Trust by 24.5% in the fourth quarter. Van ECK Associates Corp now owns 34,447 shares of the company’s stock worth $902,000 after purchasing an additional 6,782 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in Blackrock 2037 Municipal Target Term Trust by 5.6% in the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after purchasing an additional 1,746 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.