Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Shareholders to Get $0.10 Monthly Dividend

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.1042 per share on Tuesday, October 20th. This represents a $1.25 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, October 13th.

Thornburg Income Builder Opportunities Trust Trading Down 1.0%

Shares of NASDAQ:TBLD opened at $20.12 on Friday. The business’s fifty day moving average price is $21.68 and its two-hundred day moving average price is $21.80. Thornburg Income Builder Opportunities Trust has a fifty-two week low of $19.48 and a fifty-two week high of $23.02.

Insider Buying and Selling

In other Thornburg Income Builder Opportunities Trust news, insider Anne W. Kritzmire bought 3,440 shares of the stock in a transaction dated Wednesday, August 5th. The stock was bought at an average cost of $22.20 per share, for a total transaction of $76,368.00. Following the completion of the purchase, the insider owned 4,840 shares in the company, valued at $107,448. This represents a 245.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Thornburg Income Builder Opportunities Trust

A number of institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in shares of Thornburg Income Builder Opportunities Trust during the second quarter worth about $3,078,000. Evolve Private Wealth LLC acquired a new stake in Thornburg Income Builder Opportunities Trust in the 2nd quarter valued at approximately $1,721,000. Closed End Fund Advisors Inc. bought a new stake in Thornburg Income Builder Opportunities Trust in the 4th quarter valued at approximately $784,000. Kera Capital Partners Inc. lifted its stake in Thornburg Income Builder Opportunities Trust by 8.3% in the 4th quarter. Kera Capital Partners Inc. now owns 434,901 shares of the company’s stock valued at $9,216,000 after acquiring an additional 33,282 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Thornburg Income Builder Opportunities Trust during the 1st quarter worth approximately $450,000.

About Thornburg Income Builder Opportunities Trust

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.