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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0495 per share by the financial services provider on Monday, February 3rd. The ex-dividend date is Wednesday, January 15th.

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

BlackRock Long-Term Municipal Advantage Trust Price Performance

NYSE:BTA traded up $0.04 during midday trading on Friday, hitting $9.90. 51,248 shares of the stock were exchanged, compared to its average volume of 48,824. The business has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $10.39. BlackRock Long-Term Municipal Advantage Trust has a one year low of $9.48 and a one year high of $11.10.

About BlackRock Long-Term Municipal Advantage Trust

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.