BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Announces Monthly Dividend of $0.05

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 6th will be given a dividend of 0.0495 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, February 6th.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.2%

Shares of BlackRock Long-Term Municipal Advantage Trust stock opened at $9.62 on Wednesday. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $8.73 and a 1-year high of $10.15. The company’s fifty day simple moving average is $9.46 and its 200-day simple moving average is $9.37.

BlackRock Long-Term Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.