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BlackRock Municipal 2020 Term Trust

NYSE:BKK
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKK
NYSE
$305M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

BlackRock Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. The last earnings update was 75 days ago. More info.


Add to Portfolio Compare Print
  • BlackRock Municipal 2020 Term Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
BKK Share Price and Events
7 Day Returns
0.3%
NYSE:BKK
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
-0.9%
NYSE:BKK
-11.9%
US Capital Markets
3%
US Market
BKK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BlackRock Municipal 2020 Term Trust (BKK) 0.3% 1.3% 1.9% -0.9% -6.2% -9.4%
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • BKK outperformed the Capital Markets industry which returned -11.9% over the past year.
  • BKK underperformed the Market in United States of America which returned 3% over the past year.

Value

 Is BlackRock Municipal 2020 Term Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for BlackRock Municipal 2020 Term Trust. This is due to cash flow or dividend data being unavailable. The share price is $15.06.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BlackRock Municipal 2020 Term Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BlackRock Municipal 2020 Term Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BKK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $-0.06
NYSE:BKK Share Price ** NYSE (2019-03-20) in USD $15.06
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BlackRock Municipal 2020 Term Trust.

NYSE:BKK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BKK Share Price ÷ EPS (both in USD)

= 15.06 ÷ -0.06

-271.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackRock Municipal 2020 Term Trust is loss making, we can't compare its value to the US Capital Markets industry average.
  • BlackRock Municipal 2020 Term Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does BlackRock Municipal 2020 Term Trust's expected growth come at a high price?
Raw Data
NYSE:BKK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -271.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BlackRock Municipal 2020 Term Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BlackRock Municipal 2020 Term Trust's assets?
Raw Data
NYSE:BKK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $15.08
NYSE:BKK Share Price * NYSE (2019-03-20) in USD $15.06
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:BKK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BKK Share Price ÷ Book Value per Share (both in USD)

= 15.06 ÷ 15.08

1x

* Primary Listing of BlackRock Municipal 2020 Term Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackRock Municipal 2020 Term Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess BlackRock Municipal 2020 Term Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. BlackRock Municipal 2020 Term Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BlackRock Municipal 2020 Term Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackRock Municipal 2020 Term Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BlackRock Municipal 2020 Term Trust expected to grow at an attractive rate?
  • Unable to compare BlackRock Municipal 2020 Term Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BlackRock Municipal 2020 Term Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare BlackRock Municipal 2020 Term Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:BKK Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:BKK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BKK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 10 -1
2018-07-31 11 1
2018-04-30 11 2
2018-01-31 11 2
2017-10-31 11 1
2017-07-31 12 -1
2017-04-30 13 -2
2017-01-31 14 3
2016-10-31 14 8
2016-07-31 14 9
2016-04-30 14 11
2016-01-31 14 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BlackRock Municipal 2020 Term Trust is high growth as no earnings estimate data is available.
  • Unable to determine if BlackRock Municipal 2020 Term Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:BKK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BlackRock Municipal 2020 Term Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BKK Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 -0.06
2018-07-31 0.03
2018-04-30 0.11
2018-01-31 0.08
2017-10-31 0.04
2017-07-31 -0.04
2017-04-30 -0.12
2017-01-31 0.14
2016-10-31 0.40
2016-07-31 0.46
2016-04-30 0.53
2016-01-31 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BlackRock Municipal 2020 Term Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BlackRock Municipal 2020 Term Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BlackRock Municipal 2020 Term Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BlackRock Municipal 2020 Term Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BlackRock Municipal 2020 Term Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BlackRock Municipal 2020 Term Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare BlackRock Municipal 2020 Term Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare BlackRock Municipal 2020 Term Trust's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
BlackRock Municipal 2020 Term Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BlackRock Municipal 2020 Term Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BKK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 10.28 -1.12 1.86
2018-07-31 10.53 0.57 1.87
2018-04-30 10.78 2.26 1.89
2018-01-31 11.13 1.56 1.93
2017-10-31 11.47 0.85 1.98
2017-07-31 12.33 -0.78 2.04
2017-04-30 13.19 -2.41 2.10
2017-01-31 13.66 2.82 2.15
2016-10-31 14.13 8.05 2.19
2016-07-31 14.00 9.39 2.22
2016-04-30 13.86 10.74 2.24
2016-01-31 14.09 9.26 2.27
2015-10-31 14.33 7.77 2.31
2015-07-31 14.56 11.47 2.34
2015-04-30 14.80 15.16 2.37
2015-01-31 15.21 19.37 2.42
2014-10-31 15.61 23.58 2.47
2014-07-31 16.69 13.55 2.60
2014-04-30 17.77 3.52 2.73
2014-01-31 18.90 4.45 2.87
2013-10-31 20.03 5.37 3.01
2013-07-31 20.68 16.88 3.08
2013-04-30 21.33 28.39 3.14
2013-01-31 21.90 34.56 3.14
2012-10-31 22.47 40.73 3.14
2012-07-31 23.14 45.41 3.12
2012-04-30 23.80 50.09 3.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if BlackRock Municipal 2020 Term Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if BlackRock Municipal 2020 Term Trust has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if BlackRock Municipal 2020 Term Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess BlackRock Municipal 2020 Term Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BlackRock Municipal 2020 Term Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BlackRock Municipal 2020 Term Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BlackRock Municipal 2020 Term Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BlackRock Municipal 2020 Term Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BlackRock Municipal 2020 Term Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BlackRock Municipal 2020 Term Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • BlackRock Municipal 2020 Term Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BlackRock Municipal 2020 Term Trust Company Filings, last reported 4 months ago.

NYSE:BKK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 305.12 0.00
2018-07-31 305.12 0.00
2018-04-30 308.15 0.69
2018-01-31 308.15 0.69
2017-10-31 319.47 3.75
2017-07-31 319.47 3.75
2017-04-30 327.09 4.72
2017-01-31 327.09 4.72
2016-10-31 354.94 3.75
2016-07-31 354.94 3.75
2016-04-30 363.82 3.75
2016-01-31 363.82 3.75
2015-10-31 373.78 3.75
2015-07-31 373.78 3.75
2015-04-30 383.51 3.75
2015-01-31 383.51 3.75
2014-10-31 392.31 3.75
2014-07-31 392.31 3.75
2014-04-30 396.11 3.75
2014-01-31 396.11 3.75
2013-10-31 434.81 3.75
2013-07-31 434.81 3.75
2013-04-30 502.25 3.76
2013-01-31 502.25 3.76
2012-10-31 511.65 3.94
2012-07-31 511.65 3.94
2012-04-30 504.92 3.75 0.17
  • BlackRock Municipal 2020 Term Trust has no debt.
  • BlackRock Municipal 2020 Term Trust has no debt compared to 5 years ago when it was 0.9%.
  • BlackRock Municipal 2020 Term Trust has no debt, it does not need to be covered by operating cash flow.
  • BlackRock Municipal 2020 Term Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess BlackRock Municipal 2020 Term Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BlackRock Municipal 2020 Term Trust has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BlackRock Municipal 2020 Term Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.53%
Current annual income from BlackRock Municipal 2020 Term Trust dividends.
If you bought $2,000 of BlackRock Municipal 2020 Term Trust shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BlackRock Municipal 2020 Term Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • BlackRock Municipal 2020 Term Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase BlackRock Municipal 2020 Term Trust on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:BKK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:BKK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-02 0.382 2.554
2018-12-03 0.382 2.582
2018-11-01 0.385 2.599
2018-10-01 0.385 2.597
2018-09-04 0.385 2.588
2018-08-01 0.385 2.562
2018-07-02 0.385 2.552
2018-06-01 0.477 3.155
2018-05-01 0.477 3.148
2018-02-01 0.477 3.142
2018-01-02 0.477 3.139
2017-12-01 0.477 3.160
2017-11-01 0.484 3.162
2017-10-02 0.484 3.130
2017-09-01 0.484 3.083
2017-08-01 0.484 3.082
2017-07-03 0.484 3.090
2017-06-01 0.547 3.466
2017-01-03 0.547 3.487
2016-12-01 0.547 3.547
2016-11-01 0.540 3.410
2016-10-03 0.540 3.315
2016-09-01 0.540 3.287
2016-08-01 0.540 3.249
2016-07-01 0.540 3.331
2016-06-01 0.540 3.347
2016-05-02 0.540 3.356
2016-01-05 0.540 3.373
2015-12-01 0.538 3.417
2015-11-02 0.541 3.419
2015-10-01 0.541 3.428
2015-09-01 0.541 3.478
2015-08-03 0.541 3.452
2015-06-01 0.651 4.153
2015-05-01 0.651 4.075
2015-01-02 0.651 3.964
2014-11-03 0.709 4.377
2014-10-01 0.648 4.054
2014-09-02 0.648 4.012
2014-08-01 0.648 3.916
2014-07-01 0.648 3.947
2014-06-02 0.808 4.885
2014-05-01 0.747 4.451
2014-01-02 0.808 4.957
2013-12-02 0.747 4.723
2013-11-01 0.747 4.717
2013-10-01 0.747 4.642
2013-09-03 0.747 4.592
2013-08-01 0.747 4.638
2013-07-01 0.747 4.638
2013-06-03 0.747 4.603
2013-05-01 0.747 4.496
2013-01-02 0.747 4.452
2012-12-05 0.747 4.482
2012-11-01 0.747 4.392
2012-10-01 0.747 4.423
2012-09-04 0.747 4.435
2012-08-01 0.747 4.541
2012-07-02 0.747 4.514
2012-06-01 0.747 4.613
2012-05-01 0.747 4.612
2012-01-03 0.747 4.681
2011-12-05 0.747 4.758
2011-11-02 0.747 4.819
2011-10-03 0.747 4.850
2011-09-01 0.747 4.841
2011-08-01 0.747 4.882
2011-07-01 0.747 4.939
2011-06-01 0.747 4.932
2011-05-02 0.747 4.968
2011-04-01 0.747 5.092
2011-03-01 0.747 5.106
2011-02-02 0.747 5.093
2011-01-03 0.747 5.082
2010-12-07 0.747 5.187
2010-11-01 0.747 4.975
2010-10-04 0.747 4.852
2010-09-02 0.747 4.852
2010-08-02 0.747 4.888
2010-07-01 0.747 4.983
2010-06-02 0.747 4.985
2010-05-03 0.747 5.000
2010-04-01 0.747 5.019
2010-03-01 0.747 5.034
2010-02-01 0.747 5.090
2010-01-04 0.747 5.045
2009-12-07 0.747 5.123
2009-11-02 0.747 5.193
2009-10-01 0.747 5.172
2009-09-01 0.747 5.315
2009-08-03 0.747 5.467
2009-07-02 0.747 5.546
2009-06-01 0.747 5.750
2009-05-01 0.747 5.773
2009-04-01 0.747 6.032
2009-03-23 0.747 6.133

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BlackRock Municipal 2020 Term Trust's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BlackRock Municipal 2020 Term Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BlackRock Municipal 2020 Term Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BlackRock Municipal 2020 Term Trust has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BlackRock Municipal 2020 Term Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Perlowski
AGE 54
TENURE AS CEO 8.2 years
CEO Bio

Mr. John M. Perlowski, CPA served the Chief Executive Officer, President and Chief Financial Officer of BlackRock Science and Technology Trust. Mr. Perlowski served as the Chief Financial Officer and President of Blackrock Utility & Infrastructure Trust. Mr. Perlowski served as the President and Chief Executive Officer of various funds in BlackRock Fund Complex and also served as its Managing Director. He served as the President at BlackRock Floating Rate Income Strategies Fund, Inc. He served as the Chief Executive Officer and President of Blackrock Real Asset Equity Trust, The BlackRock Pennsylvania Strategic Municipal Trust, BlackRock Dividend Income Trust and BlackRock Income Opportunity Trust, Inc. He served as the Chief Executive Officer at BlackRock MuniYield Investment Fund. He has management responsibility for the Goldman Sachs Asset Management (GSAM) Global Fund Services organization which is composed of the Transfer Agent and Fund Treasury functions. Mr. Perlowski served as Chief Financial Officer of various funds in BlackRock Fund Complex. He served as an Executive Officer of Goldman Sachs Group Inc. He joined Goldman Sachs in July 1995. He served as the Managing Director, Principal Financial Officer, Chief Operating Officer, Senior Vice President, Treasurer and Vice President of various funds in the fund complex of Goldman Sachs Trust. Mr. Perlowski served as Fund Accounting/Custody Manager of Investors Bank and Trust Company. He served as a Manager in the Financial Services Division at Arthur Andersen & Co. until 1993. Mr. Perlowski serves as a Trustee of BlackRock Science and Technology Trust. He serves as a Sole Initial Trustee of Blackrock Utility & Infrastructure Trust. He served as Trustee of various funds in BlackRock Fund Complex. He served as a Director at Goldman Sachs Administration Services Company Limited until October 15, 2009. He served as a Director of Goldman Sachs Global Alpha Fund from May 27, 2004 to October 15, 2009. He served as a Director of Goldman Sachs Offshore Funds from 2002 to 2009. Mr. Perlowski became a Certified Public Accountant in 1988 and holds BBA degree from the University of Notre Dame in 1986.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the BlackRock Municipal 2020 Term Trust management team in years:

8.2
Average Tenure
51
Average Age
  • The average tenure for the BlackRock Municipal 2020 Term Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Perlowski

TITLE
Chief Executive Officer and President
AGE
54
TENURE
8.2 yrs

Neal Andrews

TITLE
Chief Financial Officer
AGE
52
TENURE
12.2 yrs

Charles Choon Park

TITLE
Chief Compliance Officer and Anti- Money Laundering Officer
AGE
51
TENURE
5.2 yrs

Jay Fife

TITLE
Treasurer
AGE
48
TENURE
12.2 yrs

Janey Ahn

TITLE
Secretary
AGE
43
TENURE
7.2 yrs

Brendan Kyne

TITLE
Vice President
AGE
41
TENURE
10.2 yrs

Robert Crothers

TITLE
Vice President
AGE
37
TENURE
7.2 yrs

Walter O'Connor

TITLE
Portfolio Manager
AGE
56

Ted Jaeckel

TITLE
Portfolio Manager
AGE
57

Phillip Soccio

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the BlackRock Municipal 2020 Term Trust board of directors in years:

12.2
Average Tenure
71
Average Age
  • The average tenure for the BlackRock Municipal 2020 Term Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Richard Cavanagh

TITLE
Chair of the Board
COMPENSATION
$4K
AGE
72
TENURE
12.2 yrs

Karen Robards

TITLE
Vice Chair of the Boards
COMPENSATION
$4K
AGE
68
TENURE
12.2 yrs

Jerrold Harris

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
76
TENURE
12.2 yrs

Robert Hubbard

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
59
TENURE
12.2 yrs

Frank Fabozzi

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
70
TENURE
12.2 yrs

W. Kester

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
67
TENURE
12.2 yrs

Kathleen Feldstein

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
77
TENURE
12.2 yrs

James Flynn

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
79
TENURE
12.2 yrs

Mike Castellano

TITLE
Non-Interested Trustee
COMPENSATION
$3K
AGE
72
TENURE
8.2 yrs

Paul Audet

TITLE
Interested Trustee
AGE
64
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by BlackRock Municipal 2020 Term Trust insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jan 19 Buy Henry Gabbay Individual 16. Jan 19 16. Jan 19 90 $14.81 $1,333
16. Jan 19 Buy Henry Gabbay Individual 15. Jan 19 15. Jan 19 10 $14.89 $149
25. Sep 18 Sell BlackRock, Inc. Company 21. Sep 18 21. Sep 18 -8,028 $14.76 $-118,493
X
Management checks
We assess BlackRock Municipal 2020 Term Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BlackRock Municipal 2020 Term Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

BlackRock Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds exempt from federal income taxes. BlackRock Municipal 2020 Term Trust was formed on September 30, 2003 and is domiciled in the United States.

Details
Name: BlackRock Municipal 2020 Term Trust
BKK
Exchange: NYSE
Founded: 2003
$304,763,617
20,236,628
Website: http://www.blackrock.com/investing/products/240230/blackrock-municipal-2020-term-trust-usd-fund
Address: BlackRock Municipal 2020 Term Trust
100 Bellevue Parkway,
Wilmington,
Delaware, 19809,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BKK Common Shares New York Stock Exchange US USD 26. Sep 2003
Number of employees
Current staff
Staff numbers
0
BlackRock Municipal 2020 Term Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:57
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/01/04
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.