BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a dividend on Thursday, November 2nd, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 28th. The official announcement can be viewed 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 midday trading on Friday, hitting $11.91. The stock had a trading volume of 33,439 shares, compared to its average volume of 39,030. The company has a market cap of $159.32, a PE ratio of 297.75 and a beta of -0.04. BlackRock LT Municipal Advantage Trust has a 12-month low of $11.08 and a 12-month high of $12.54.

Several research firms have recently weighed in on BTA. Macquarie increased their price target on BlackRock LT Municipal Advantage Trust from GBX 355 ($4.78) to GBX 380 ($5.11) and gave the company an “outperform” rating in a report on Tuesday, November 7th. Goldman Sachs Group reissued a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, September 13th. Credit Suisse Group reduced their price objective 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 research note on Tuesday, November 7th. Citigroup lowered BlackRock LT Municipal Advantage Trust to a “neutral” rating and reduced their price objective for the stock from GBX 360 ($4.85) to GBX 310 ($4.17) in a research note on Monday, October 9th. Finally, Numis Securities restated a “buy” rating and issued a GBX 390 ($5.25) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $344.33.

ILLEGAL ACTIVITY WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/blackrock-lt-municipal-advantage-trust-bta-plans-gbx-4-85-dividend/1780252.html.

About BlackRock LT Municipal Advantage Trust

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.