BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Tuesday, May 14th.
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 Price Performance
BTA stock traded up $0.07 during mid-day trading on Friday, reaching $9.90. 33,167 shares of the stock traded hands, compared to its average volume of 23,416. The stock’s fifty day moving average is $9.96 and its 200-day moving average is $9.87. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $8.59 and a 52-week high of $10.62.
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.
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