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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.0495 per share by the financial services provider on Monday, March 3rd. The ex-dividend date is Friday, February 14th.

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

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of NYSE:BTA traded up $0.05 during trading on Tuesday, hitting $9.95. 44,733 shares of the stock were exchanged, compared to its average volume of 43,324. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $9.48 and a 1-year high of $11.10. The company’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $10.34.

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.