BMN (BlackRock 2037 Mun Tgt) Dividend Payout Ratio: 0.42 (As of Dec. 2025) — 46% Below Median

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BMN BlackRock 2037 Mun Tgt BMN
48 GF Score
Price $25.51
GF Value $46.43
Valuation Possible Value Trap
! 4 Warning Signs
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What is BlackRock 2037 Mun Tgt Dividend Payout Ratio?

BlackRock 2037 Mun Tgt BMN -0.20% 48 Dividend Payout Ratio is 0.42 as of Dec. 2025, which is 46% below its 10-year median of 0.78. GuruFocus rates BMN with a GF Score™ of 48/100 and a GF Value™ of $46.43 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 930 Asset Management companies, BlackRock 2037 Mun Tgt ranks worse than 63.55% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. BlackRock 2037 Mun Tgt's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.42.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of BlackRock 2037 Mun Tgt is 0.97, which seems too high.

The historical rank and industry rank for BlackRock 2037 Mun Tgt's Dividend Payout Ratio or its related term are showing as below:

BMN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.78   Max: 1.73
Current: 0.97

During the past 4 years, the highest Dividend Payout Ratio of BlackRock 2037 Mun Tgt was 1.73. The lowest was 0.22. And the median was 0.78.

BMN's Dividend Payout Ratio is ranked worse than
63.55% of 930 companies
in the Asset Management industry
Industry Median: 0.7 vs BMN: 0.97

As of today (2026-07-16), the Dividend Yield % of BlackRock 2037 Mun Tgt is 4.42%.

During the past 4 years, the highest Trailing Annual Dividend Yield of BlackRock 2037 Mun Tgt was 4.75%. The lowest was 0.37%. And the median was 4.42%.

BlackRock 2037 Mun Tgt's Dividends per Share for the months ended in Dec. 2025 was $0.56.

During the past 3 years, the average Dividends Per Share Growth Rate was 128.70% per year.

During the past 4 years, the highest 3-Year average Dividends Per Share Growth Rate of BlackRock 2037 Mun Tgt was 128.70% per year. The lowest was 128.70% per year. And the median was 128.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

BlackRock 2037 Mun Tgt (NYSE:BMN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

BlackRock 2037 Mun Tgt Dividend Payout Ratio Related Terms

BlackRock 2037 Mun Tgt Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for BlackRock 2037 Mun Tgt's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BlackRock 2037 Mun Tgt Dividend Payout Ratio Chart

BlackRock 2037 Mun Tgt Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
0.22 0.59 1.73 0.96

BlackRock 2037 Mun Tgt Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial 0.52 1.52 2.09 0.00 0.42

BMN vs GLQ, NAZ, MHF: Dividend Payout Ratio Comparison

For the Asset Management subindustry, BlackRock 2037 Mun Tgt's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BlackRock 2037 Mun Tgt Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock 2037 Mun Tgt's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where BlackRock 2037 Mun Tgt's Dividend Payout Ratio falls into.


BMN
48GF Score
BlackRock 2037 Mun Tgt BMN
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackRock 2037 Mun Tgt Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

BlackRock 2037 Mun Tgt's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.125/ 1.17
=0.96

BlackRock 2037 Mun Tgt's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.563/ 1.341
=0.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.42 mean?
BlackRock 2037 Mun Tgt (BMN) has a Dividend Payout Ratio of 0.42 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BlackRock 2037 Mun Tgt and its competitors. This is 46% below median its historical median of 0.78. Over the past decade, BlackRock 2037 Mun Tgt's Dividend Payout Ratio has ranged from 0.22 to 1.73. According to the industry distribution chart, BlackRock 2037 Mun Tgt ranks #591 out of 930 companies in the Asset Management industry, placing it in the top 63.5%.
Is BlackRock 2037 Mun Tgt's Dividend Payout Ratio too high?
BlackRock 2037 Mun Tgt's current Dividend Payout Ratio of 0.42 is 46% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.73. The Asset Management industry median Dividend Payout Ratio is 0.70. BlackRock 2037 Mun Tgt's value of 0.42 is 40% below this industry median. Based on the distribution chart, BlackRock 2037 Mun Tgt ranks #591 out of 930 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock 2037 Mun Tgt has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackRock 2037 Mun Tgt's Dividend Payout Ratio compare to GLQ and NAZ?
According to the Asset Management industry distribution chart, BlackRock 2037 Mun Tgt ranks #591 out of 930 companies for Dividend Payout Ratio. This places BlackRock 2037 Mun Tgt in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. BlackRock 2037 Mun Tgt's value of 0.42 is 40% below this benchmark. Historically, BlackRock 2037 Mun Tgt's own Dividend Payout Ratio has ranged from 0.22 to 1.73 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.70, BlackRock 2037 Mun Tgt has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock 2037 Mun Tgt's current Dividend Payout Ratio of 0.42 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BlackRock 2037 Mun Tgt and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock 2037 Mun Tgt's current Dividend Payout Ratio is 0.42, which is 46% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock 2037 Mun Tgt stock overvalued right now?
Based on GuruFocus' analysis, BlackRock 2037 Mun Tgt (BMN) is currently considered Possible Value Trap. The stock's GF Value™ is $46.43, compared to a current price of $25.51 — trading 45.1% below its estimated fair value. The current Dividend Payout Ratio is 0.42, which is 46% below median its 10-year median of 0.78 and 40% below the Asset Management industry median of 0.70. BlackRock 2037 Mun Tgt's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For BlackRock 2037 Mun Tgt (BMN), the current Dividend Payout Ratio is 0.42 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BlackRock 2037 Mun Tgt (BMN) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRock 2037 Mun Tgt stock appears to be undervalued. The current stock price of $25.51 is trading 45.1% below its estimated GF Value™ of $46.43. GuruFocus considers BlackRock 2037 Mun Tgt to be Possible Value Trap.

Key valuation signals for BMN:

  • Dividend Payout Ratio: 0.42 (46% below median its 10-year median of 0.78)
  • GF Value™: $46.43 vs. price of $25.51 (45.1% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 40% below the Asset Management median (#591 of 930)

No single metric tells the full story. See the BMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BlackRock 2037 Mun Tgt Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
BlackRock 2037 Mun Tgt is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income that is exempt from regular federal income tax. The Trust invests in investment grade quality securities or securities that are unrated but judged to be of comparable quality by the investment adviser.
48GF Score

Get the complete analysis for BMN

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.51
Price
$46.43
GF Value