BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders 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 is Tuesday, January 20th.
BlackRock Long-Term Municipal Advantage Trust Stock Up 0.1%
BlackRock Long-Term Municipal Advantage Trust stock opened at $9.64 on Friday. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.73 and a 12-month high of $10.15. The firm’s fifty day moving average price is $9.44 and its 200 day moving average price is $9.33.
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.
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