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
Key Metrics
Distribution Yield
4.86%
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
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
59.7
Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
37
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
$24.55 – $27.53
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.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: share price divided by 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 4.33% to 4.86% over the past ~90 days (+0.53 pp). Of that move, +0.27 pp came from changes in the distribution rate and +0.26 pp from the share price ($25.98 → $24.51). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 335 daily observations over the past 16 months, BMN's current yield is higher than approximately 100% of them. Our stored price history for BMN covers the past 16 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 | - | Dec 11, 2026 | Dec 11, 2026 | Dec 22, 2026 |
| $0.0993 M | Regular | - | Nov 13, 2026 | Nov 13, 2026 | Dec 01, 2026 |
| $0.0993 M | Regular | - | 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 |
|---|---|---|---|---|---|
| ADKT | The Adirondack Trust Company | 4.61% | 11.3% | 5 yrs | 81 |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 4.03% | 0.6% | 1 yr | 79 |
| SOR | Source Capital, Inc. | 5.42% | 8.8% | 0 yrs | 78 |
| STEW | SRH Total Return Fund, Inc. | 4.36% | 10.1% | 4 yrs | 78 |
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 4.86%.
What is Blackrock 2037 Municipal Target Term Trust's dividend yield?
Blackrock 2037 Municipal Target Term Trust's dividend yield is approximately 4.86%, 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 ex-dividend date on record for Blackrock 2037 Municipal Target Term Trust is September 15, 2026. The associated payment is $0.0938 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 Sep 13, 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.