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 dividend yield of 5.21%. The ex-dividend date is Thursday, September 14th.

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) traded up 0.08% during mid-day trading on Wednesday, hitting $12.44. 8,559 shares of the company were exchanged. The stock’s 50-day moving average price is $12.10 and its 200 day moving average price is $11.79. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.73 and a 12-month high of $12.87.

Several research firms have recently weighed in on BTA. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday. Numis Securities Ltd reissued a “buy” rating and issued a GBX 390 ($5.04) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, August 7th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.42) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, August 2nd. Berenberg Bank reduced their target price on BlackRock LT Municipal Advantage Trust from GBX 343 ($4.43) to GBX 325 ($4.20) and set a “hold” rating for the company in a research report on Monday, June 12th. Finally, Macquarie raised their target price on 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 report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $360.71.

COPYRIGHT VIOLATION NOTICE: “BlackRock LT Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.05 on October 2nd” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/13/blackrock-lt-municipal-advantage-trust-bta-to-issue-monthly-dividend-of-0-05-on-october-2nd.html.

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.