Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.1257 per share by the investment management company on Friday, December 29th. This represents a $1.51 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Thursday, December 14th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend payment by an average of 0.8% annually over the last three years.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) traded up $0.07 during trading hours on Monday, reaching $22.80. 60,208 shares of the company’s stock were exchanged, compared to its average volume of 39,079. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 12 month low of $20.84 and a 12 month high of $23.32.
In related news, insider Anne Bookwalter Walsh purchased 3,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were bought at an average price of $23.00 per share, with a total value of $69,000.00. Following the completion of the purchase, the insider now directly owns 11,000 shares in the company, valued at approximately $253,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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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