BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.0545 per share by the financial services provider on Friday, September 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Friday, August 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) traded down 0.33% during trading on Wednesday, hitting $12.13. 21,635 shares of the stock traded hands. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.73 and a 52-week high of $12.54. The stock has a 50 day moving average price of $12.22 and a 200-day moving average price of $11.90.

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A number of equities research analysts recently issued reports on the stock. Credit Suisse Group reissued a “neutral” rating and issued a GBX 320 ($4.24) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Macquarie upped their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 340 ($4.51) to GBX 355 ($4.71) and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 265 ($3.52) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, August 2nd. J P Morgan Chase & Co decreased their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 330 ($4.38) to GBX 290 ($3.85) and set a “neutral” rating on the stock in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 340 ($4.51) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. BlackRock LT Municipal Advantage Trust currently has a consensus rating of “Hold” and a consensus price target of $358.00.

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)

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