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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.0938 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, January 20th.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of NYSE:BMN opened at $26.39 on Friday. The firm’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $24.95. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.04 and a fifty-two week high of $26.47.

Insider Buying and Selling at Blackrock 2037 Municipal Target Term Trust

In other news, major shareholder Of America Corp /De/ Bank sold 1,164 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $24.56, for a total value of $28,587.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BMN. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth about $1,844,000. Narwhal Capital Management acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 3rd quarter valued at approximately $476,000. Wealth Enhancement Advisory Services LLC bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth approximately $289,000. UBS Group AG raised its holdings in Blackrock 2037 Municipal Target Term Trust by 11.7% during the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock worth $1,974,000 after buying an additional 8,216 shares during the period. Finally, Bank of America Corp DE raised its holdings in Blackrock 2037 Municipal Target Term Trust by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 104,095 shares of the company’s stock worth $2,611,000 after buying an additional 5,290 shares during the period.

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.