BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 12th will be given a dividend of 0.0545 per share by the financial services provider on Friday, December 29th. This represents a $0.65 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Monday, December 11th.
BlackRock LT Municipal Advantage Trust has decreased its dividend payment by an average of 3.4% per year over the last three years.
BlackRock LT Municipal Advantage Trust (NYSE BTA) traded up $0.08 during trading on Monday, reaching $11.97. 31,500 shares of the company were exchanged, compared to its average volume of 38,754. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.76 and a 52-week high of $12.54.
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About BlackRock LT Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
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