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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Friday, November 1st,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.094 per share on Monday, December 2nd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Blackrock 2037 Municipal Target Term Trust’s previous monthly dividend of $0.09.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of NYSE BMN traded down $0.09 during midday trading on Wednesday, hitting $25.07. 10,756 shares of the company’s stock traded hands, compared to its average volume of 18,151. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.35 and a 1 year high of $26.14. The firm has a fifty day moving average of $25.12 and a 200 day moving average of $24.81.

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.