Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) Announces Monthly Dividend of $0.13
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) announced a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.1257 per share by the investment management company on Thursday, August 31st. This represents a $1.51 annualized dividend and a yield of 6.60%. The ex-dividend date is Friday, August 11th.
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 (GBAB) remained flat at $22.87 during mid-day trading on Wednesday. The company’s stock had a trading volume of 25,894 shares. The firm’s 50-day moving average price is $22.86 and its 200 day moving average price is $22.46. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 52 week low of $18.84 and a 52 week high of $24.18.
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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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