BlackRock LT Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be given 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 5.46%. 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 research analysts recently weighed in on the stock. Deutsche Bank AG reissued a “sell” rating and set a GBX 265 ($3.50) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday. Numis Securities Ltd reissued a “buy” rating and set a GBX 390 ($5.15) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday. Credit Suisse Group reissued a “neutral” rating and set a GBX 320 ($4.22) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Barclays PLC reissued an “overweight” rating and set a GBX 450 ($5.94) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust has a consensus rating of “Hold” and a consensus target price of $355.00.

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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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