Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) announced a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.0938 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 15th.
Blackrock 2037 Municipal Target Term Trust Trading Down 0.3%
Shares of Blackrock 2037 Municipal Target Term Trust stock opened at $24.48 on Friday. The business’s fifty day simple moving average is $25.40 and its 200 day simple moving average is $25.87. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $24.45 and a 12 month high of $27.96.
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.
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