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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.0938 per share on Tuesday, July 1st. This represents a $1.13 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, June 13th.

Blackrock 2037 Municipal Target Term Trust Price Performance

BMN stock opened at $24.20 on Thursday. The company’s 50-day moving average is $24.10 and its 200-day moving average is $24.96. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.04 and a 1 year high of $26.14.

Insider Buying and Selling

In other news, Portfolio Manager Christian Romaglino acquired 1,250 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average price of $23.99 per share, for a total transaction of $29,987.50. Following the completion of the acquisition, the portfolio manager now directly owns 4,551 shares in the company, valued at $109,178.49. The trade was a 37.87% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

About Blackrock 2037 Municipal Target Term Trust

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.