Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) announced a monthly dividend on Friday, June 5th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0938 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, July 15th.
Blackrock 2037 Municipal Target Term Trust Trading Up 0.2%
NYSE BMN opened at $25.57 on Monday. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.96 and a twelve month high of $27.96. The firm’s 50 day moving average price is $25.72 and its two-hundred day moving average price is $26.14.
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.
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