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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, May 5th, Wall Street Journal reports. Stockholders of record on Thursday, May 15th will be given a dividend of 0.0495 per share by the financial services provider on Monday, June 2nd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Thursday, May 15th.

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 Trading Up 1.1 %

BTA opened at $9.31 on Wednesday. The business’s 50-day simple moving average is $9.47 and its 200 day simple moving average is $9.89. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $8.76 and a 52-week 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.