BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Monday, February 4th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.0505 per share by the financial services provider on Friday, March 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, February 14th.
BlackRock LT Municipal Advantage Trust has increased its dividend payment by an average of 0.6% per year over the last three years.
Shares of BTA stock opened at $11.38 on Wednesday. BlackRock LT Municipal Advantage Trust has a 12 month low of $10.50 and a 12 month high of $11.81.
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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