Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Investors of record on Thursday, March 15th will be given a dividend of 0.1257 per share by the investment management company on Thursday, March 29th. This represents a $1.51 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Wednesday, March 14th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend by an average of 3.1% per year over the last three years.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) opened at $21.42 on Tuesday. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 1 year low of $20.97 and a 1 year high of $23.32.
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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