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

Posted by Martin Roberts on Nov 8th, 2024

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Free Report) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Shareholders 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 is Tuesday, December 24th. The official announcement can be accessed at this link.

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

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About BlackRock Long-Term Municipal Advantage Trust’s

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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).