BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Declares Monthly Dividend of $0.04

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.0435 per share by the financial services provider on Tuesday, October 1st. This represents a $0.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Monday, September 16th.

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 Stock Performance

NYSE BTA opened at $10.75 on Friday. The stock’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $10.17. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $8.59 and a twelve month high of $10.97.

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.