BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders 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 5.42%. 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) opened at $12.07 on Wednesday. BlackRock LT Municipal Advantage Trust has a fifty-two week low of $10.86 and a fifty-two week high of $12.54.

A number of research firms have weighed in on BTA. Credit Suisse Group decreased their price target on BlackRock LT Municipal Advantage Trust from GBX 320 ($4.31) to GBX 280 ($3.77) and set a “neutral” rating for the company in a report on Tuesday, November 7th. Numis Securities restated a “buy” rating and issued a GBX 390 ($5.25) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, November 2nd. Deutsche Bank restated a “sell” rating and issued a GBX 265 ($3.57) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, November 1st. Barclays restated an “overweight” rating and issued a GBX 450 ($6.06) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th. Finally, Goldman Sachs Group restated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $344.33.

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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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