Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Plans Dividend Increase – $0.09 Per Share

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) announced a monthly dividend on Friday, November 1st,Zacks Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.094 per share on Monday, December 2nd. This represents a $1.13 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date 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 Stock Down 0.4 %

NYSE BMN traded down $0.09 during trading on Thursday, reaching $25.07. 11,356 shares of the company traded hands, compared to its average volume of 18,154. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.35 and a 1-year high of $26.14. The stock’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $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.