Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.126 per share by the investment management company on Thursday, November 30th. This represents a $1.51 annualized dividend and a yield of 6.73%. The ex-dividend date is Tuesday, November 14th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend payment by an average of 0.8% per year over the last three years.
Shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) traded down $0.25 during trading on Friday, reaching $22.48. 37,056 shares of the company’s stock traded hands, compared to its average volume of 35,131. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 52 week low of $20.62 and a 52 week high of $23.32.
In other news, insider Anne Bookwalter Walsh bought 3,000 shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst stock in a transaction dated Monday, September 18th. The stock was bought at an average price of $23.00 per share, for a total transaction of $69,000.00. Following the purchase, the insider now owns 11,000 shares of the company’s stock, valued at $253,000. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
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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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