BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Thursday, March 1st, Zacks reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.054 per share by the financial services provider on Monday, April 2nd. This represents a $0.65 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Wednesday, March 14th.
BlackRock LT Municipal Advantage Trust has decreased its dividend by an average of 9.4% per year over the last three years.
Shares of BlackRock LT Municipal Advantage Trust (BTA) traded down $0.08 during mid-day trading on Friday, reaching $11.29. The company had a trading volume of 23,926 shares, compared to its average volume of 40,164. BlackRock LT Municipal Advantage Trust has a 12 month low of $11.23 and a 12 month high of $12.54. The stock has a market capitalization of $152.34, a price-to-earnings ratio of 29.15 and a beta of -0.11.
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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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