BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) in a research report report published on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 155 ($1.99) price objective on the stock.

Separately, JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 290 ($3.73) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Thursday, April 4th.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 5.69 ($0.07) per share. The ex-dividend date is Thursday, August 8th. This is an increase from BlackRock Long-Term Municipal Advantage Trust’s’s previous dividend of $2.31. This represents a dividend yield of 5.03%.

About BlackRock Long-Term Municipal Advantage Trust’s

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).