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 dividend yield of Infinity. The ex-dividend date of this dividend is Tuesday, November 14th.

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

Several analysts have recently weighed in on the stock. Macquarie lifted their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 340 ($4.49) to GBX 355 ($4.68) and gave the company an “outperform” rating in a report on Wednesday, September 6th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.50) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 320 ($4.22) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Citigroup Inc. cut shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and reduced their price objective for the company from GBX 360 ($4.75) to GBX 310 ($4.09) in a research note on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $345.33.

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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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