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 Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0495 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Long-Term Municipal Advantage Trust Trading Down 0.5%

BlackRock Long-Term Municipal Advantage Trust stock opened at $9.43 on Friday. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.73 and a fifty-two week high of $10.19. The firm has a 50 day moving average price of $9.47 and a 200 day moving average price of $9.27.

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.