BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.0545 per share by the financial services provider on Friday, December 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Tuesday, November 14th.

BlackRock LT Municipal Advantage Trust has decreased its dividend by an average of 3.4% annually over the last three years.

BlackRock LT Municipal Advantage Trust (NYSE BTA) opened at $11.97 on Monday. BlackRock LT Municipal Advantage Trust has a one year low of $10.73 and a one year high of $12.54.

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BTA has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 265 ($3.49) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, November 1st. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 320 ($4.21) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Macquarie increased their price target on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.47) to GBX 355 ($4.67) and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 450 ($5.92) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 390 ($5.13) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $344.33.

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).

Dividend History for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

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