Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) to Issue Monthly Dividend of $0.13 on November 30th
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) announced a monthly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 0.126 per share by the investment management company on Thursday, November 30th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Tuesday, November 14th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend by an average of 0.8% annually over the last three years.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) traded down $0.02 during mid-day trading on Monday, hitting $22.51. 56,600 shares of the stock were exchanged, compared to its average volume of 39,119. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a twelve month low of $20.05 and a twelve month high of $23.32.
In related news, insider Anne Bookwalter Walsh bought 3,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $69,000.00. Following the completion of the purchase, the insider now owns 11,000 shares of the company’s stock, valued at approximately $253,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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About Guggenheim Taxabl Mncpl Mngd Drtn Trst
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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