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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.0938 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of BMN stock opened at $25.57 on Monday. The firm’s 50 day moving average price is $25.72 and its 200-day moving average price is $26.14. Blackrock 2037 Municipal Target Term Trust has a one year low of $23.96 and a one year high of $27.96.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BMN. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth $1,844,000. UBS Group AG raised its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% in the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after buying an additional 8,216 shares during the period. Van ECK Associates Corp raised its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 24.5% in the 4th quarter. Van ECK Associates Corp now owns 34,447 shares of the company’s stock valued at $902,000 after buying an additional 6,782 shares during the period. Royal Bank of Canada lifted its stake in Blackrock 2037 Municipal Target Term Trust by 70.7% during the 4th quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock worth $835,000 after acquiring an additional 13,212 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Blackrock 2037 Municipal Target Term Trust by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after acquiring an additional 1,746 shares in the last quarter.

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.