BlackRock Long-Term Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.05 on May 1st

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors 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 6.14%. The ex-dividend date of this dividend is Tuesday, April 15th.

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 Stock Performance

NYSE BTA opened at $9.67 on Friday. The company has a fifty day moving average of $9.86 and a 200 day moving average of $10.15. BlackRock Long-Term Municipal Advantage Trust has a 1 year low of $9.48 and a 1 year high of $11.10.

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.