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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.0938 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, February 13th.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.8%

Shares of NYSE BMN opened at $26.42 on Wednesday. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.04 and a 12-month high of $26.93. The company has a 50-day moving average of $25.92 and a 200 day moving average of $25.13.

Insider Activity

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

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in Blackrock 2037 Municipal Target Term Trust by 173.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after buying an additional 3,170 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth $289,000. Narwhal Capital Management acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at about $476,000. Truist Financial Corp boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 13.4% during the 2nd quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock valued at $592,000 after acquiring an additional 2,848 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% in the third quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock valued at $694,000 after purchasing an additional 2,218 shares during the period.

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.