Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Announces $0.10 Monthly Dividend

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) declared a monthly dividend on Thursday, September 10th. Investors of record on Friday, December 11th will be given a dividend of 0.0993 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, December 11th.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Blackrock 2037 Municipal Target Term Trust stock opened at $24.56 on Friday. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $24.45 and a fifty-two week high of $27.96. The firm’s 50-day simple moving average is $25.43 and its 200 day simple moving average is $25.88.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 0.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock valued at $3,394,000 after acquiring an additional 630 shares in the last quarter. Bank of America Corp DE boosted its position in Blackrock 2037 Municipal Target Term Trust by 6.1% in the first quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock worth $3,179,000 after purchasing an additional 7,029 shares during the last quarter. UBS Group AG grew its stake in Blackrock 2037 Municipal Target Term Trust by 11.7% in the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after purchasing an additional 8,216 shares during the period. Van ECK Associates Corp grew its stake in Blackrock 2037 Municipal Target Term Trust by 6.3% in the 2nd quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock valued at $931,000 after purchasing an additional 2,154 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock valued at $825,000 after purchasing an additional 1,746 shares during the last quarter.

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.