BlackRock Long-Term Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.05 on December 2nd

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.0495 per share by the financial services provider on Monday, December 2nd. This represents a $0.59 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Friday, November 15th.

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

BlackRock Long-Term Municipal Advantage Trust Stock Performance

Shares of BTA traded up $0.04 during trading hours on Wednesday, hitting $10.54. 16,485 shares of the company were exchanged, compared to its average volume of 25,838. The firm’s 50 day moving average is $10.54 and its 200-day moving average is $10.34. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $9.10 and a 52 week high of $10.97.

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.