BlackRock Long-Term Municipal Advantage Trust Declares Monthly Dividend of $0.05 (NYSE:BTA)

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0495 per share by the financial services provider on Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Monday, December 16th.

BlackRock Long-Term Municipal Advantage Trust has decreased its dividend by an average of 4.9% annually over the last three years.

BlackRock Long-Term Municipal Advantage Trust Trading Down 1.4 %

BTA traded down $0.15 on Friday, hitting $10.76. 31,294 shares of the company’s stock were exchanged, compared to its average volume of 26,579. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $9.61 and a fifty-two week high of $11.10. The firm has a 50-day moving average price of $10.47 and a 200-day moving average price of $10.40.

BlackRock Long-Term Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment.