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

Posted by Tyrone Williams on May 3rd, 2024

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.094 per share on Monday, June 3rd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Tuesday, May 14th.

Blackrock 2037 Municipal Target Term Trust Price Performance

BMN traded up $0.11 on Friday, reaching $24.05. 5,160 shares of the company traded hands, compared to its average volume of 21,827. Blackrock 2037 Municipal Target Term Trust has a one year low of $21.51 and a one year high of $25.59. The firm has a fifty day moving average price of $23.98.

Blackrock 2037 Municipal Target Term Trust Company Profile

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Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.