BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a dividend on Thursday, November 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 28th will be given a dividend of 4.85 per share by the financial services provider on Monday, February 5th. This represents a yield of 1.96%. The ex-dividend date is Thursday, December 28th. The official announcement can be seen at this link.

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) traded up $0.04 during mid-day trading on Friday, reaching $11.91. The company’s stock had a trading volume of 33,439 shares, compared to its average volume of 39,030. BlackRock LT Municipal Advantage Trust has a 52 week low of $11.08 and a 52 week high of $12.54. The company has a market capitalization of $159.32, a P/E ratio of 297.75 and a beta of -0.04.

Several research firms have recently commented on BTA. Goldman Sachs Group reaffirmed a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 320 ($4.31) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Macquarie reaffirmed an “outperform” rating and issued a GBX 355 ($4.78) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, September 14th. Barclays reaffirmed an “overweight” rating and issued a GBX 450 ($6.06) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Finally, Citigroup downgraded BlackRock LT Municipal Advantage Trust to a “neutral” rating and decreased their price objective for the stock from GBX 360 ($4.85) to GBX 310 ($4.17) in a research note on Monday, October 9th. Two investment 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $344.33.

TRADEMARK VIOLATION NOTICE: “BlackRock LT Municipal Advantage Trust (BTA) to Issue Dividend of GBX 4.85 on February 5th” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/12/23/blackrock-lt-municipal-advantage-trust-bta-to-issue-dividend-of-gbx-4-85-on-february-5th.html.

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)

Receive News & Ratings for BlackRock LT Municipal Advantage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock LT Municipal Advantage Trust and related companies with MarketBeat.com's FREE daily email newsletter.