BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 16th will be given a dividend of 0.0545 per share by the financial services provider on Wednesday, November 1st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Friday, October 13th. This is an increase from BlackRock LT Municipal Advantage Trust’s previous monthly dividend of $0.05.

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 (BTA) traded down 0.33% during mid-day trading on Wednesday, reaching $12.13. The company had a trading volume of 21,635 shares. The stock has a 50 day moving average price of $12.22 and a 200 day moving average price of $11.90. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.73 and a 12-month high of $12.54.

Several equities research analysts have weighed in on BTA shares. J P Morgan Chase & Co dropped their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 330 ($4.38) to GBX 290 ($3.85) and set a “neutral” rating for the company in a research report on Wednesday, July 5th. Credit Suisse Group restated a “neutral” rating and issued a GBX 320 ($4.24) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, September 15th. Macquarie boosted their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 340 ($4.51) to GBX 355 ($4.71) and gave the company an “outperform” rating in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 340 ($4.51) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, June 21st. Finally, Berenberg Bank lowered their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 343 ($4.55) to GBX 325 ($4.31) and set a “hold” rating for the company in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $358.00.

ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/03/blackrock-lt-municipal-advantage-trust-bta-raises-dividend-to-0-05-per-share.html.

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)

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.