Media stories about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have trended positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BlackRock LT Municipal Advantage Trust earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.4203637525506 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NYSE:BTA opened at $11.32 on Friday. BlackRock LT Municipal Advantage Trust has a fifty-two week low of $11.17 and a fifty-two week high of $12.54. The stock has a market cap of $152.34, a PE ratio of 29.03 and a beta of -0.11.
The company also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Wednesday, March 14th.
About BlackRock LT Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s 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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