Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be given 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 Price Performance
Shares of NYSE BMN traded up $0.38 during trading hours on Friday, hitting $26.13. 2,469 shares of the company’s stock were exchanged, compared to its average volume of 9,207. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.96 and a 1-year high of $27.96. The company’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 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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