Guggenheim Taxable: Dividend Insights
Portfolio Pulse from Benzinga Insights
Guggenheim Taxable (NYSE:GBAB) announced a monthly dividend of 12.57 cents per share, with Wednesday being the last day for investors to be eligible for the next payout. GBAB will go ex-dividend on Thursday, which will likely result in the stock opening 12.57 cents lower. The dividend is scheduled to be paid on January 31, 2024, to shareholders who own the stock by the end of Wednesday's session.
January 08, 2024 | 2:45 pm
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Guggenheim Taxable (GBAB) will pay a monthly dividend of 12.57 cents per share, with the ex-dividend date set for Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
GBAB's stock is likely to experience a short-term price drop equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. This is a common occurrence for stocks on their ex-dividend date and is typically a temporary adjustment.
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