BlackRock Long-Term Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.05 on March 3rd

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0495 per share by the financial services provider on Monday, March 3rd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Friday, February 14th.

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 Price Performance

Shares of BlackRock Long-Term Municipal Advantage Trust stock opened at $9.92 on Wednesday. The company’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $10.33. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $9.48 and a 52-week 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.