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 Wednesday, June 4th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, June 13th.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.1%

Shares of BMN stock opened at $24.20 on Thursday. The business has a 50-day moving average price of $24.10 and a two-hundred day moving average price of $24.96. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.04 and a 12-month high of $26.14.

Insider Buying and Selling

In other Blackrock 2037 Municipal Target Term Trust news, Portfolio Manager Christian Romaglino purchased 1,250 shares of Blackrock 2037 Municipal Target Term Trust stock in a transaction on Wednesday, April 9th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $29,987.50. Following the completion of the transaction, the portfolio manager now directly owns 4,551 shares of the company’s stock, valued at approximately $109,178.49. The trade was a 37.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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.