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 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.

COPYRIGHT VIOLATION NOTICE: “Guggenheim Taxabl Mncpl Mngd Drtn Trst Plans Monthly Dividend of $0.13 (GBAB)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/12/04/guggenheim-taxabl-mncpl-mngd-drtn-trst-plans-monthly-dividend-of-0-13-gbab.html.

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).

Dividend History for Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB)

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.

Leave a Reply