SmarterDividends
BMN

Blackrock 2037 Municipal Target Term Trust

BMN

Financial Services · Asset Management · Stock · monthly payer

$22.38

Undervalued · +15% Add to Portfolio

Forward Yield

5.32%

Annual Dividend

$1.19

Payout Ratio

51%

5-Yr Growth

—

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about BMN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Blackrock 2037 Municipal Target Term Trust (BMN) has a forward dividend yield of 5.32%, based on an annual dividend of $1.19 per share and a share price of $22.38.
  • As of Oct 18, 2026, BMN's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
  • BMN has never cut its regular dividend in the payment history SmarterDividends has on record.
  • BMN's next ex-dividend date is Nov 13, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, BMN pays out 51% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 18, 2026, BMN's 5.32% yield is 30% above its five-year average yield of 4.08%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BMN is $25.84 per share, 15% above the $22.38 share price, so BMN screens as undervalued.
  • Blackrock 2037 Municipal Target Term Trust (BMN) pays its dividend monthly, 12 times a year.
  • Blackrock 2037 Municipal Target Term Trust (BMN) has raised its regular dividend 2 times and cut it 1 time across the 41 payments on record since 2023. Its most recent change was a 5.3% increase to $0.0990 per share, going ex-dividend on Oct 15, 2026. The last cut went ex-dividend on Jan 11, 2024.
Cite this page

SmarterDividends, "BMN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BMN

Summary

As of Oct 18, 2026, Blackrock 2037 Municipal Target Term Trust (BMN) yields 5.32% ($1.19 a year per share) and has a dividend safety grade of B (70/100).

Is BMN a good dividend stock?

Yes, with caveats

Blackrock 2037 Municipal Target Term Trust (BMN) pays a monthly dividend yielding 5.32% ($1.19/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
  • Comfortable payout ratio (51%)

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
5.32%
Payout Ratio
51%
Annual Dividend
$1.19
5-Yr Avg Growth
—
Ex-Dividend Date
Nov 13, 2026
Years of Growth
0
Frequency
monthly
Beta
—
Market Cap
$137.6M
P/E Ratio
10.1
5-Yr Total Return
—
52-Week Range
$21.28 – $27.96
Dividend Safety
B · 70/100
Ever Cut?
No

BMN dividend raises and cuts

Blackrock 2037 Municipal Target Term Trust (BMN) has raised its regular dividend 2 times and cut it 1 time across the 41 payments on record since 2023. Its most recent change was a 5.3% increase to $0.0990 per share, going ex-dividend on Oct 15, 2026. The last cut went ex-dividend on Jan 11, 2024.

Ex-dateChangeOld → newMove
Oct 15, 2026Raise$0.0940 → $0.0990+5.3%
Jan 11, 2024Cut$0.0960 → $0.0940−2.1%
Dec 14, 2023Raise$0.0940 → $0.0960+2.1%
Every BMN payment →Download every raise and cut (CSV)
BMN ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →BMN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BMN a good dividend stock?

Yes, with caveats. Blackrock 2037 Municipal Target Term Trust (BMN) pays a monthly dividend yielding 5.32% ($1.19/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.

Is BMN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BMN's fair value is about $25.84 versus a $22.38 share price — so it looks undervalued (+15% vs. fair value).

Is BMN's dividend safe?

BMN has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is BMN's fair value?

Our blended fair-value estimate for BMN is about $25.84 per share, roughly 15% above the current $22.38 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BMN a buy, hold, or sell?

We don't issue formal ratings, but on the data BMN screens as "yes, with caveats" and undervalued. Blackrock 2037 Municipal Target Term Trust (BMN) pays a monthly dividend yielding 5.32% ($1.19/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. This is research for your own analysis, not investment advice.

Will BMN cut its dividend?

BMN earns a dividend-safety grade of B (70/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BMN pay a dividend?

Yes. Blackrock 2037 Municipal Target Term Trust pays a monthly dividend of about $1.19 per share annually, a forward yield of roughly 5.32%.

What is BMN's dividend yield?

As of Oct 18, 2026, BMN's forward dividend yield is 5.32%, based on a $1.19 annual dividend and a $22.38 share price.

What is BMN's dividend per share?

As of Oct 18, 2026, BMN pays $1.19 per share per year, distributed on a monthly basis.

What is BMN's dividend payout ratio?

As of Oct 18, 2026, BMN's payout ratio is 51% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has BMN grown its dividend?

BMN does not currently have a long dividend-growth streak on record.

When is the next BMN ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for BMN is Nov 13, 2026.

Income Calculator

At $1.19 / yr per share

Per payment (monthly)$9.92
Annual$119.00
Monthly avg$9.92

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