Guggenheim Taxabl Mncpl Mngd Drtn Trst Plans Monthly Dividend of $0.13 (GBAB)
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.1257 per share by the investment management company on Tuesday, October 31st. This represents a $1.51 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Thursday, October 12th.
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 0.09% during mid-day trading on Tuesday, hitting $22.63. The company’s stock had a trading volume of 31,217 shares. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 52-week low of $18.84 and a 52-week high of $23.32. The firm has a 50 day moving average of $22.95 and a 200-day moving average of $22.77.
In related news, insider Anne Bookwalter Walsh purchased 3,000 shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst stock in a transaction on Monday, September 18th. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $69,000.00. Following the completion of the acquisition, the insider now owns 11,000 shares of the company’s stock, valued at approximately $253,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
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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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