BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.0545 per share by the financial services provider on Thursday, March 1st. This represents a $0.65 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Wednesday, February 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 (NYSE:BTA) traded down $0.07 during mid-day trading on Monday, hitting $11.25. 30,334 shares of the stock traded hands, compared to its average volume of 49,160. BlackRock LT Municipal Advantage Trust has a 52-week low of $11.08 and a 52-week high of $12.54. The firm has a market cap of $151.94, a price-to-earnings ratio of 28.87 and a beta of -0.13.
BlackRock LT Municipal Advantage Trust Company Profile
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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