BlackRock LT Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.05 on February 1st

BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, January 16th will be paid a dividend of 0.0545 per share by the financial services provider on Thursday, February 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Friday, January 12th.

BlackRock LT Municipal Advantage Trust has decreased its dividend payment by an average of 9.4% annually over the last three years.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at $11.92 on Thursday. BlackRock LT Municipal Advantage Trust has a one year low of $11.08 and a one year high of $12.54. The firm has a market cap of $159.99, a P/E ratio of 30.56 and a beta of -0.05.

A number of research analysts have weighed in on the stock. Macquarie lifted their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 355 ($4.81) to GBX 380 ($5.15) and gave the company an “outperform” rating in a research note on Tuesday, November 7th. 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 cut their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 320 ($4.34) to GBX 280 ($3.80) and set a “neutral” rating on the stock in a research note on Tuesday, November 7th. Citigroup lowered shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and cut their price target for the company from GBX 360 ($4.88) to GBX 310 ($4.20) in a research note on Monday, October 9th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 390 ($5.29) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust has a consensus rating of “Hold” and an average 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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