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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0938 per share on Tuesday, April 1st. This represents a $1.13 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, March 14th.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of BMN traded down $0.14 during mid-day trading on Tuesday, hitting $25.63. 7,253 shares of the company’s stock were exchanged, compared to its average volume of 15,822. The firm has a fifty day moving average of $25.48 and a two-hundred day moving average of $25.29. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.68 and a twelve month high of $26.14.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.