Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) Announces $0.13 Monthly Dividend
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.1257 per share by the investment management company on Tuesday, October 31st. This represents a $1.51 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Thursday, October 12th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend payment by an average of 0.8% annually over the last three years.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) traded down 0.0539% on Wednesday, reaching $22.6178. 1,395 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $22.95 and a 200-day moving average price of $22.77. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 52 week low of $18.84 and a 52 week high of $23.32.
In related news, insider Anne Bookwalter Walsh bought 3,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $69,000.00. Following the acquisition, the insider now directly owns 11,000 shares in the company, valued at $253,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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Guggenheim Taxabl Mncpl Mngd Drtn Trst Company Profile
Guggenheim Taxable Municipal Managed Duration Trust, formerly Guggenheim Build America Bonds Managed Duration Trust, is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income with a secondary objective of long-term capital appreciation. Under normal market conditions, the Trust will invest approximately 80% of its managed assets in taxable municipal securities, including Build America Bonds (BABs).
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