Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBABFinancial Services · Stock · monthly payer
Forward Yield
11.76%
Annual Dividend
$1.51
Payout Ratio
128%
5-Yr Growth
0.0%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) yields 11.76% ($1.51 per share annually), with a blended fair-value estimate of $15.27 — +18% upside, so it screens as undervalued. Dividend safety grade: C (63/100).
Is GBAB a good dividend stock?
Yes, with caveatsGuggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) pays a monthly dividend yielding 11.76% ($1.51/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2017
- Elevated payout ratio (128%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.76%
- Payout Ratio
- 128%
- Annual Dividend
- $1.51
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $350.3M
- P/E Ratio
- 10.7
- 5-Yr Total Return
- -46%
- 52-Week Range
- $12.96 – $15.80
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
GBAB Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-12%
5 Years
-46%
52-Week Range
$12.96 – $15.80
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GBAB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is $15.27 per share, versus a market price of $12.96. That implies 18% of upside — a margin of safety of about 15%.
Fair Value
$15.27
Current Price
$12.96
Upside
+18%
Margin of Safety
15%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.6% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $1.18 EPS, $1.51 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GBAB Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full GBAB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.1260 | regular |
| Aug 14, 2026 | — | $0.1260 | regular |
| Jul 15, 2026 | — | $0.1260 | regular |
| Jun 15, 2026 | — | $0.1260 | regular |
| May 15, 2026 | — | $0.1260 | regular |
| Apr 15, 2026 | — | $0.1260 | regular |
| Mar 13, 2026 | — | $0.1260 | regular |
| Feb 13, 2026 | — | $0.1260 | regular |
| Jan 15, 2026 | — | $0.1260 | regular |
| Dec 15, 2025 | — | $0.1260 | regular |
| Nov 14, 2025 | — | $0.1260 | regular |
| Oct 15, 2025 | — | $0.1260 | regular |
| Sep 15, 2025 | — | $0.1260 | regular |
| Aug 15, 2025 | — | $0.1260 | regular |
Income Calculator
At $1.51 / yr per share
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