BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Friday, September 1st, NASDAQ reports. Investors of record on Friday, September 15th will be paid a dividend of 0.054 per share by the financial services provider on Monday, October 2nd. This represents a $0.65 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Thursday, September 14th.

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) traded up 0.73% during midday trading on Friday, reaching $12.44. 54,033 shares of the company were exchanged. The firm has a 50-day moving average of $12.09 and a 200 day moving average of $11.77. BlackRock LT Municipal Advantage Trust has a 52 week low of $10.73 and a 52 week high of $12.87.

BTA has been the subject of several research analyst reports. Royal Bank Of Canada lowered their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 425 ($5.49) to GBX 410 ($5.30) and set an “outperform” rating for the company in a research note on Friday, May 12th. J P Morgan Chase & Co lowered their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 330 ($4.26) to GBX 290 ($3.75) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 340 ($4.39) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, June 21st. Macquarie increased their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 340 ($4.39) to GBX 355 ($4.58) and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 265 ($3.42) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. BlackRock LT Municipal Advantage Trust presently has a consensus rating of “Hold” and an average price target of $360.71.

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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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