BlackRock Long-Term Municipal Advantage Trust (BTA) To Go Ex-Dividend on December 22nd

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.0495 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, December 22nd.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of BTA traded down $0.05 during midday trading on Friday, reaching $9.43. The stock had a trading volume of 77,371 shares, compared to its average volume of 40,155. The company’s 50-day moving average is $9.47 and its 200 day moving average is $9.27. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.73 and a 12-month high of $10.19.

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.