BlackRock LT Municipal Advantage Trust (BTA) Plans $0.05 Monthly Dividend

BlackRock LT Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.0545 per share by the financial services provider on Thursday, March 1st. This represents a $0.65 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock LT Municipal Advantage Trust has decreased its dividend by an average of 9.4% per year over the last three years.

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded down $0.07 during mid-day trading on Monday, hitting $11.25. 30,334 shares of the stock traded hands, compared to its average volume of 49,160. BlackRock LT Municipal Advantage Trust has a 52-week low of $11.08 and a 52-week high of $12.54. The firm has a market cap of $151.94, a price-to-earnings ratio of 28.87 and a beta of -0.13.

BTA has been the topic of a number of research reports. Macquarie increased their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 355 ($4.98) to GBX 380 ($5.33) and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Citigroup lowered shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and reduced their target price for the stock from GBX 360 ($5.05) to GBX 310 ($4.35) in a report on Monday, October 9th. Barclays reiterated an “overweight” rating and set a GBX 450 ($6.31) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th. Deutsche Bank reiterated a “sell” rating and set a GBX 265 ($3.72) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, November 1st. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 320 ($4.49) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $333.93.

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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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