BlackRock Long-Term Municipal Advantage Trust’s (BTA) to Issue Dividend of GBX 5.39 on September 12th

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTAGet Rating) declared a dividend on Thursday, May 12th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 4th will be given a dividend of GBX 5.39 ($0.07) per share on Monday, September 12th. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, August 4th. This is a positive change from BlackRock Long-Term Municipal Advantage Trust’s’s previous dividend of $2.31. The official announcement can be seen at this link.

A number of equities analysts have recently issued reports on BTA shares. Berenberg Bank reiterated a “buy” rating and set a GBX 225 ($2.77) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Tuesday, March 22nd. Barclays reduced their price objective on BlackRock Long-Term Municipal Advantage Trust’s from GBX 260 ($3.21) to GBX 240 ($2.96) and set an “overweight” rating on the stock in a report on Friday, April 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 255 ($3.14) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, May 9th. Morgan Stanley restated an “overweight” rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 140 ($1.73) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s currently has a consensus rating of “Hold” and a consensus price target of GBX 195 ($2.40).

BlackRock Long-Term Municipal Advantage Trust’s Company Profile (Get Rating)

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) 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).

Recommended Stories

Dividend History for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

Receive News & Ratings for BlackRock Long-Term Municipal Advantage Trust’s Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Long-Term Municipal Advantage Trust’s and related companies with MarketBeat.com's FREE daily email newsletter.