Blackrock 2037 Municipal Target Term Trust (BMN) to Issue Monthly Dividend of $0.09 on May 1st

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0938 per share on Thursday, May 1st. This represents a $1.13 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, April 15th.

Blackrock 2037 Municipal Target Term Trust Trading Down 1.0 %

Shares of NYSE BMN opened at $24.83 on Friday. The firm’s 50-day simple moving average is $25.33 and its 200 day simple moving average is $25.31. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.68 and a 12-month high of $26.14.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.