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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders 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 annualized dividend 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% per year over the last three years.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

NYSE:BTA opened at $9.83 on Friday. The firm has a 50-day moving average price of $9.87 and a two-hundred day moving average price of $10.16. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $9.48 and a twelve month high of $11.10.

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.