BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Plans $0.04 Monthly Dividend

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.043 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.52 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, August 15th.

BlackRock Long-Term Municipal Advantage Trust has decreased its dividend by an average of 4.9% annually over the last three years.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.5 %

Shares of BlackRock Long-Term Municipal Advantage Trust stock traded up $0.05 during trading on Friday, hitting $10.50. The company’s stock had a trading volume of 26,892 shares, compared to its average volume of 24,470. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.59 and a 52 week high of $10.62. The company has a fifty day simple moving average of $10.16 and a two-hundred day simple moving average of $10.11.

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.