Media stories about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock LT Municipal Advantage Trust earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.1778031682483 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of BTA stock traded down $0.05 on Monday, reaching $11.38. 38,889 shares of the company’s stock were exchanged, compared to its average volume of 38,665. BlackRock LT Municipal Advantage Trust has a 52 week low of $11.17 and a 52 week high of $12.54.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 16th will be paid a dividend of $0.0545 per share. This is a positive change from BlackRock LT Municipal Advantage Trust’s previous monthly dividend of $0.05. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, April 13th.
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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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