BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) to Issue Dividend Increase – GBX 5.39 Per Share

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Rating) declared a dividend on Thursday, May 12th, Upcoming.Co.Uk reports. Shareholders 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 boost from BlackRock Long-Term Municipal Advantage Trust’s’s previous dividend of $2.31. The official announcement can be seen at this link.

Several research firms have weighed in on BTA. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 255 ($3.14) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Monday. Berenberg Bank reiterated a “buy” rating and set a GBX 225 ($2.77) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Tuesday, March 22nd. Barclays lowered their price objective on shares of 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 research report on Friday, April 1st. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 140 ($1.73) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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).

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