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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.0495 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 14th.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

Shares of BTA opened at $9.48 on Tuesday. The stock’s 50-day moving average is $9.49 and its two-hundred day moving average is $9.19. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $8.73 and a 12 month high of $11.10.

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.