BlackRock Long-Term Municipal Advantage Trust (BTA) to Distribute Monthly Dividend of $0.05 on February 2nd

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0495 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BTA opened at $9.64 on Friday. The stock’s fifty day moving average is $9.44 and its two-hundred day moving average is $9.33. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.73 and a 52 week high of $10.15.

About BlackRock Long-Term Municipal Advantage Trust

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.