BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Receives “Buy” Rating from Berenberg Bank

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

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

BlackRock Long-Term Municipal Advantage Trust’s Stock Performance

BlackRock Long-Term Municipal Advantage Trust’s Increases Dividend

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

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).