Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) to Issue Monthly Dividend of $0.13

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.1257 per share by the investment management company on Thursday, October 31st. This represents a $1.51 annualized dividend and a dividend yield of 8.98%. The ex-dividend date is Tuesday, October 15th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has raised its dividend by an average of 3.9% per year over the last three years.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.7 %

GBAB opened at $16.80 on Monday. The firm’s 50 day simple moving average is $17.64 and its two-hundred day simple moving average is $16.62. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $14.22 and a 1-year high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt 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.