BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) declared a monthly dividend on Friday, January 2nd. Investors 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) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, January 20th.
BlackRock Long-Term Municipal Advantage Trust Stock Up 0.1%
Shares of BTA opened at $9.64 on Friday. The stock has a 50-day moving average of $9.44 and a two-hundred day moving average of $9.33. BlackRock Long-Term Municipal Advantage Trust has a one year low of $8.73 and a one year high of $10.15.
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.
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