BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Announces Dividend of GBX 2.40

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Investors of record on Tuesday, December 24th will be paid a dividend of GBX 2.40 ($0.03) per share on Wednesday, February 5th. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 24th. The official announcement can be seen at this link.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 155 ($2.02) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Thursday, August 1st.

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

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).