Guggenheim Taxabl Mncpl Mngd Drtn Trst to Issue Monthly Dividend of $0.13 (GBAB)
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) declared a monthly dividend on Friday, September 1st, NASDAQ reports. Investors of record on Friday, September 15th will be given a dividend of 0.126 per share by the investment management company on Friday, September 29th. This represents a $1.51 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Thursday, September 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 (GBAB) traded up 0.39% on Friday, hitting $23.23. 12,174 shares of the company traded hands. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 12 month low of $18.84 and a 12 month high of $23.48. The stock’s 50-day moving average is $22.94 and its 200 day moving average is $22.65.
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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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