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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.0938 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th.

Blackrock 2037 Municipal Target Term Trust Stock Up 1.5%

BMN stock opened at $26.13 on Friday. The stock’s 50 day moving average price is $25.90 and its 200 day moving average price is $26.07. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.96 and a 1 year high of $27.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Blackrock 2037 Municipal Target Term Trust by 6.1% in the 1st quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock valued at $3,179,000 after purchasing an additional 7,029 shares in the last quarter. UBS Group AG raised its position 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 during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at approximately $1,844,000. Van ECK Associates Corp lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 24.5% during the fourth quarter. Van ECK Associates Corp now owns 34,447 shares of the company’s stock valued at $902,000 after buying an additional 6,782 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Blackrock 2037 Municipal Target Term Trust by 5.6% during the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after acquiring an additional 1,746 shares during the last quarter.

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.