Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) declared a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0938 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th.
Blackrock 2037 Municipal Target Term Trust Price Performance
Shares of BMN opened at $25.67 on Wednesday. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.77 and a 12-month high of $27.96. The firm has a 50-day moving average price of $26.28 and a 200 day moving average price of $25.91.
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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