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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0938 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.3%

Shares of NYSE BMN opened at $25.67 on Wednesday. The stock has a fifty day moving average price of $26.28 and a two-hundred day moving average price of $25.91. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.77 and a 1 year high of $27.96.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several large investors have recently modified their holdings of BMN. Osaic Holdings Inc. boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 173.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after acquiring an additional 3,170 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth $289,000. Van ECK Associates Corp boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% during the 3rd quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock worth $694,000 after acquiring an additional 2,218 shares in the last quarter. UBS Group AG boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% during the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock worth $1,974,000 after acquiring an additional 8,216 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of 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.

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.