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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0495 per share by the financial services provider on Thursday, May 1st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date is Tuesday, April 15th.

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 Price Performance

Shares of BTA remained flat at $9.83 on Thursday. 19,646 shares of the company were exchanged, compared to its average volume of 32,896. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $9.48 and a 12 month high of $11.10. The company has a fifty day moving average of $9.87 and a two-hundred day moving average of $10.16.

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.