Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) declared a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.1257 per share by the investment management company on Monday, December 31st. This represents a $1.51 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend is Thursday, December 13th.
Guggenheim Taxabl Mncpl Mngd Drtn Trst has decreased its dividend payment by an average of 3.1% annually over the last three years.
GBAB traded up $0.11 on Tuesday, hitting $21.81. The company had a trading volume of 102,600 shares, compared to its average volume of 37,817. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 12-month low of $19.91 and a 12-month high of $23.12.
Guggenheim Taxable Municipal Managed Duration Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States.
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