Blackrock 2037 Municipal Target Term Trust (BMN) to Distribute Monthly Dividend of $0.10 on November 2nd

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0993 per share on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, October 15th. This is a 5.9% increase from Blackrock 2037 Municipal Target Term Trust’s previous monthly dividend of $0.09.

Blackrock 2037 Municipal Target Term Trust Trading Down 0.3%

Shares of BMN opened at $24.48 on Friday. The firm has a 50-day simple moving average of $25.40 and a two-hundred day simple moving average of $25.87. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $24.45 and a 1-year high of $27.96.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in Blackrock 2037 Municipal Target Term Trust by 173.2% in the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after purchasing an additional 3,170 shares during the period. Van ECK Associates Corp boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% during the third quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock worth $694,000 after buying an additional 2,218 shares during the period. UBS Group AG grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% in the third 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 in the last quarter. Raymond James Financial Inc. grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% in the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock valued at $825,000 after buying an additional 1,746 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 104,095 shares of the company’s stock valued at $2,611,000 after buying an additional 5,290 shares during the period.

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.