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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0495 per share by the financial services provider on Monday, December 2nd. This represents a $0.59 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Friday, November 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 Stock Up 0.4 %

NYSE BTA traded up $0.04 on Thursday, hitting $10.52. 893 shares of the stock were exchanged, compared to its average volume of 25,779. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $9.12 and a 52-week high of $10.97. The stock has a fifty day moving average price of $10.54 and a two-hundred day moving average price of $10.34.

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.