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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.043 per share by the financial services provider on Monday, June 3rd. This represents a $0.52 annualized dividend and a yield of 5.21%. The ex-dividend date is Tuesday, May 14th.

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 Trading Up 0.7 %

Shares of NYSE:BTA traded up $0.07 during trading on Friday, hitting $9.90. The stock had a trading volume of 33,167 shares, compared to its average volume of 23,416. The stock has a 50-day simple moving average of $9.96 and a two-hundred day simple moving average of $9.87. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.59 and a 12-month high of $10.62.

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.