BlackRock LT Municipal Advantage Trust to Issue Monthly Dividend of $0.05 (NYSE:BTA)
BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.051 per share by the financial services provider on Thursday, August 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Friday, July 12th.
BlackRock LT Municipal Advantage Trust has increased its dividend by an average of 0.6% annually over the last three years.
BTA opened at $12.59 on Thursday. The company’s 50 day simple moving average is $12.25. BlackRock LT Municipal Advantage Trust has a one year low of $10.50 and a one year high of $12.75.
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.
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