Blackrock 2037 Municipal Target Term Trust
BMNFinancial Services · Stock · monthly payer
Forward Yield
4.40%
Annual Dividend
$1.13
Payout Ratio
96%
5-Yr Growth
—
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of August 2026, Blackrock 2037 Municipal Target Term Trust (BMN) yields 4.40% ($1.13 per share annually), with a blended fair-value estimate of $17.95 — -29% downside, so it screens as overvalued. Dividend safety grade: B (66/100).
Is BMN a good dividend stock?
Yes, with caveatsBlackrock 2037 Municipal Target Term Trust (BMN) pays a monthly dividend yielding 4.40% ($1.13/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (96%)
Key Data
- Dividend Yield
- 4.40%
- Payout Ratio
- 96%
- Annual Dividend
- $1.13
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $155.8M
- P/E Ratio
- 21.7
- 5-Yr Total Return
- —
- 52-Week Range
- —
- Dividend Safety
- B · 66/100
- Ever Cut?
- No
Frequently Asked Questions
BMN Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+11%
5 Years
—
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BMN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Blackrock 2037 Municipal Target Term Trust is $17.95 per share, versus a market price of $25.21. That implies 29% of downside.
Fair Value
$17.95
Current Price
$25.21
Downside
-29%
Margin of Safety
-40%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $1.17 EPS, $1.13 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BMN Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.0940 | regular |
| Jul 15, 2026 | — | $0.0940 | regular |
| Jun 15, 2026 | — | $0.0940 | regular |
| May 15, 2026 | — | $0.0940 | regular |
| Apr 15, 2026 | — | $0.0940 | regular |
| Mar 13, 2026 | — | $0.0940 | regular |
| Feb 13, 2026 | — | $0.0940 | regular |
| Aug 15, 2025 | — | $0.0940 | regular |
| Jul 15, 2025 | — | $0.0940 | regular |
| Jun 13, 2025 | — | $0.0940 | regular |
| May 15, 2025 | — | $0.0940 | regular |
| Apr 15, 2025 | — | $0.0940 | regular |
| Mar 14, 2025 | — | $0.0940 | regular |
| Feb 14, 2025 | — | $0.0940 | regular |
Income Calculator
At $1.13 / yr per share
