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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.0938 per share on Thursday, August 1st. This represents a $1.13 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, July 15th.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of BMN traded up $0.08 during mid-day trading on Tuesday, hitting $24.54. 14,822 shares of the company’s stock were exchanged, compared to its average volume of 20,596. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $21.51 and a fifty-two week high of $25.05. The company has a 50-day moving average of $24.42.

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.