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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0938 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, March 13th.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.5%

Blackrock 2037 Municipal Target Term Trust stock traded down $0.13 during trading hours on Wednesday, hitting $27.20. The stock had a trading volume of 1,489 shares, compared to its average volume of 9,674. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.04 and a 1-year high of $27.96. The stock’s fifty day moving average is $26.54 and its two-hundred day moving average is $25.53.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in Blackrock 2037 Municipal Target Term Trust by 173.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after acquiring an additional 3,170 shares in the last quarter. Narwhal Capital Management purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter valued at about $476,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter valued at approximately $289,000. Van ECK Associates Corp grew its position 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 last quarter. Finally, UBS Group AG increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% during the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock worth $1,974,000 after purchasing an additional 8,216 shares in the last quarter.

About Blackrock 2037 Municipal Target Term Trust

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.