BMN Blackrock 2037 Municipal Target Term Trust — distribution yield, history & ex-dividend dates
Launched by BlackRock, Inc., the BlackRock 2037 Municipal Target Term Trust operates as a closed-end mutual fund specializing in fixed-income investments. Its operations are overseen by BlackRock Advisors, LLC. The fund primarily allocates its capital to investment-grade municipal securities, requiring a minimum rating of BBB- from S&P and Fitch, or Baa3 from Moody's. This trust is officially domiciled in the United States.
Distribution Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
Not Rated
Not Rated
Not Rated
Not Rated
Key Metrics
Distribution Yield
5.18%
At the Oct 30, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$1.1910
Declared Sep 10, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
M Monthly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
53
As of Oct 30, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$21.56 – $27.53
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio
n/a
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
3
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book
-
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Distribution Growth
Why the Yield Moved (90 Days)
BMN's distribution yield rose from 4.43% to 5.18% over the past ~90 days (+0.74 pp). Of that move, +0.29 pp came from changes in the distribution rate and +0.46 pp from the share price ($25.37 on Aug 03, 2026 → $23.00 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 272 daily observations over the past 13 months (through Oct 23, 2026), BMN's current yield is higher than approximately 92% of them. Our stored price history for BMN covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.0993 M | Regular upcoming, declared | Sep 10, 2026 | Dec 11, 2026 | Dec 11, 2026 | Dec 22, 2026 |
| $0.0993 M | Regular upcoming, declared | Sep 10, 2026 | Nov 13, 2026 | Nov 13, 2026 | Dec 01, 2026 |
| $0.0993 M | Regular | Sep 10, 2026 | Oct 15, 2026 | Oct 15, 2026 | Nov 02, 2026 |
| $0.0938 M | Regular | Jun 05, 2026 | Sep 15, 2026 | Sep 15, 2026 | Oct 01, 2026 |
| $0.0938 M | Regular | Jun 05, 2026 | Aug 14, 2026 | Aug 14, 2026 | Sep 01, 2026 |
| $0.0938 M | Regular | Jun 05, 2026 | Jul 15, 2026 | Jul 15, 2026 | Aug 03, 2026 |
| $0.0938 M | Regular | Feb 27, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jul 01, 2026 |
| $0.0938 M | Regular | Feb 27, 2026 | May 15, 2026 | May 15, 2026 | Jun 01, 2026 |
| $0.0938 M | Regular | Feb 27, 2026 | Apr 15, 2026 | Apr 15, 2026 | May 01, 2026 |
| $0.0938 M | Regular | Jan 02, 2026 | Mar 13, 2026 | Mar 13, 2026 | Apr 01, 2026 |
| $0.0938 M | Regular | Jan 02, 2026 | Feb 13, 2026 | Feb 13, 2026 | Mar 02, 2026 |
| $0.0938 M | Regular | Jan 02, 2026 | Jan 20, 2026 | Jan 20, 2026 | Feb 02, 2026 |
| $0.0938 M | Regular | Dec 12, 2025 | Dec 22, 2025 | Dec 22, 2025 | Dec 31, 2025 |
| $0.0938 M | Regular | Nov 03, 2025 | Nov 14, 2025 | Nov 14, 2025 | Dec 01, 2025 |
| $0.0938 M | Regular | Oct 01, 2025 | Oct 15, 2025 | Oct 15, 2025 | Nov 03, 2025 |
| $0.0938 M | Regular | Sep 02, 2025 | Sep 15, 2025 | Sep 15, 2025 | Oct 01, 2025 |
| $0.0938 M | Regular | Aug 01, 2025 | Aug 15, 2025 | Aug 15, 2025 | Sep 02, 2025 |
| $0.0938 M | Regular | Jul 01, 2025 | Jul 15, 2025 | Jul 15, 2025 | Jul 31, 2025 |
| $0.0938 M | Regular | Jun 02, 2025 | Jun 13, 2025 | Jun 13, 2025 | Jul 01, 2025 |
| $0.0938 M | Regular | May 01, 2025 | May 15, 2025 | May 15, 2025 | Jun 02, 2025 |
| $0.0938 M | Regular | Apr 01, 2025 | Apr 15, 2025 | Apr 15, 2025 | May 01, 2025 |
| $0.0938 M | Regular | Mar 03, 2025 | Mar 14, 2025 | Mar 14, 2025 | Apr 01, 2025 |
| $0.0938 M | Regular | Feb 03, 2025 | Feb 14, 2025 | Feb 14, 2025 | Mar 03, 2025 |
| $0.0938 M | Regular | Jan 02, 2025 | Jan 15, 2025 | Jan 15, 2025 | Feb 03, 2025 |
| $0.0938 M | Regular | Dec 06, 2024 | Dec 16, 2024 | Dec 16, 2024 | Dec 31, 2024 |
| $0.0938 M | Regular | Nov 01, 2024 | Nov 15, 2024 | Nov 15, 2024 | Dec 02, 2024 |
| $0.0938 M | Regular | Sep 12, 2024 | Oct 15, 2024 | Oct 15, 2024 | Nov 01, 2024 |
| $0.0938 M | Regular | Sep 03, 2024 | Sep 16, 2024 | Sep 16, 2024 | Oct 01, 2024 |
| $0.0938 M | Regular | Aug 01, 2024 | Aug 15, 2024 | Aug 15, 2024 | Sep 03, 2024 |
| $0.0938 M | Regular | Jul 01, 2024 | Jul 15, 2024 | Jul 15, 2024 | Aug 01, 2024 |
| $0.0938 M | Regular | Jun 03, 2024 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 |
| $0.0938 M | Regular | May 01, 2024 | May 14, 2024 | May 15, 2024 | Jun 03, 2024 |
| $0.0938 M | Regular | Apr 01, 2024 | Apr 12, 2024 | Apr 15, 2024 | May 01, 2024 |
| $0.0938 M | Regular | Mar 01, 2024 | Mar 14, 2024 | Mar 15, 2024 | Apr 01, 2024 |
| $0.0938 M | Regular | Nov 14, 2023 | Feb 14, 2024 | Feb 15, 2024 | Mar 01, 2024 |
| $0.0938 I | Regular | Nov 14, 2023 | Jan 11, 2024 | Jan 12, 2024 | Feb 01, 2024 |
| $0.0959 S | Regular | Nov 14, 2023 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 |
| $0.0938 M | Regular | Nov 01, 2023 | Nov 14, 2023 | Nov 15, 2023 | Dec 01, 2023 |
| $0.0938 M | Regular | Oct 02, 2023 | Oct 13, 2023 | Oct 16, 2023 | Nov 01, 2023 |
| $0.0938 M | Regular | Sep 01, 2023 | Sep 14, 2023 | Sep 15, 2023 | Oct 02, 2023 |
| $0.0938 M | Regular | Aug 01, 2023 | Aug 14, 2023 | Aug 15, 2023 | Sep 01, 2023 |
| $0.0938 M | Regular | Jul 03, 2023 | Jul 13, 2023 | Jul 14, 2023 | Jul 31, 2023 |
| $0.0938 M | Regular | Jun 01, 2023 | Jun 14, 2023 | Jun 15, 2023 | Jul 03, 2023 |
| $0.0938 M | Regular | May 01, 2023 | May 12, 2023 | May 15, 2023 | Jun 01, 2023 |
| $0.0938 M | Regular | Apr 03, 2023 | Apr 13, 2023 | Apr 14, 2023 | May 01, 2023 |
| $0.0938 M | Regular | Mar 01, 2023 | Mar 14, 2023 | Mar 15, 2023 | Apr 03, 2023 |
| $0.0940 M | Regular | Feb 01, 2023 | Feb 14, 2023 | Feb 15, 2023 | Mar 01, 2023 |
| $0.0938 M | Regular | Jan 03, 2023 | Jan 12, 2023 | Jan 13, 2023 | Feb 01, 2023 |
Peer Comparison
Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| NMMRF | Nomura Real Estate Master Fund, Inc. | 4.60% | -4.3% | 1 yr | 63 |
| ACNDF | CapitaLand India Trust | 4.89% | 7.3% | 1 yr | 61 |
| FREVS | First Real Estate Investment Trust of New Jersey, Inc. | 2.12% | N/A | 2 yrs | 47 |
| FCXXF | First Capital Real Estate Investment Trust | 3.92% | -0.1% | 1 yr | 44 |
Related Guides & Lists
BMN dividend — frequently asked questions
Does Blackrock 2037 Municipal Target Term Trust pay a dividend?
Yes. Blackrock 2037 Municipal Target Term Trust (BMN) currently pays a dividend. The annualized dividend is about $1.19 per share, a yield of approximately 5.18%.
What is Blackrock 2037 Municipal Target Term Trust's dividend yield?
Blackrock 2037 Municipal Target Term Trust's dividend yield is approximately 5.18%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Blackrock 2037 Municipal Target Term Trust pay dividends?
Blackrock 2037 Municipal Target Term Trust pays dividends monthly — 12 times per year.
When is Blackrock 2037 Municipal Target Term Trust's next ex-dividend date?
The next declared ex-dividend date for Blackrock 2037 Municipal Target Term Trust is November 13, 2026. The associated payment is $0.0993 per share; you must own the shares before the ex-dividend date to receive it.
How long has Blackrock 2037 Municipal Target Term Trust paid dividends?
Blackrock 2037 Municipal Target Term Trust has 3 years of dividend payments on record.
Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.