BlackRock LT Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.05 on December 31st
BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Thursday, December 13th will be given a dividend of 0.0505 per share by the financial services provider on Monday, December 31st. This represents a $0.61 annualized dividend and a yield of 5.38%. The ex-dividend date is Wednesday, December 12th.
BlackRock LT Municipal Advantage Trust has decreased its dividend by an average of 9.4% annually over the last three years.
NYSE:BTA opened at $11.26 on Friday. BlackRock LT Municipal Advantage Trust has a 1-year low of $10.50 and a 1-year high of $12.21.
BlackRock LT Municipal Advantage Trust Company Profile
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.
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