Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) announced a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.0938 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, December 22nd.
Blackrock 2037 Municipal Target Term Trust Price Performance
Shares of BMN stock opened at $25.97 on Friday. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.04 and a 12 month high of $26.09. The company’s fifty day simple moving average is $24.98 and its 200-day simple moving average is $24.78.
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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