BlackRock LT Municipal Advantage Trust (BTA) Declares $0.05 Monthly Dividend
BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.0545 per share by the financial services provider on Thursday, March 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock LT Municipal Advantage Trust has decreased its dividend payment by an average of 9.4% annually over the last three years.
Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at $11.25 on Tuesday. BlackRock LT Municipal Advantage Trust has a 1-year low of $11.08 and a 1-year high of $12.54. The stock has a market cap of $151.00, a price-to-earnings ratio of 28.85 and a beta of -0.13.
About BlackRock LT Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
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