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 Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.1257 per share by the investment management company on Wednesday, January 31st. This represents a $1.51 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Thursday, January 11th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend payment by an average of 3.1% per year over the last three years.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) traded up $0.10 during trading hours on Wednesday, reaching $22.77. The company’s stock had a trading volume of 43,096 shares, compared to its average volume of 35,250. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a one year low of $21.28 and a one year high of $23.32.
WARNING: “Guggenheim Taxabl Mncpl Mngd Drtn Trst to Issue Monthly Dividend of $0.13 (GBAB)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/03/guggenheim-taxabl-mncpl-mngd-drtn-trst-to-issue-monthly-dividend-of-0-13-gbab.html.
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).
Receive News & Ratings for Guggenheim Taxabl Mncpl Mngd Drtn Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guggenheim Taxabl Mncpl Mngd Drtn Trst and related companies with MarketBeat.com's FREE daily email newsletter.