Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Shares to Pay Monthly Dividend of $0.10

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) announced a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be paid a dividend of $0.1042 per share on Tuesday, October 20th. This represents a $1.25 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, October 13th.

Thornburg Income Builder Opportunities Trust Stock Down 1.0%

Shares of NASDAQ TBLD opened at $20.12 on Friday. Thornburg Income Builder Opportunities Trust has a 1 year low of $19.48 and a 1 year high of $23.02. The stock has a fifty day moving average price of $21.68 and a two-hundred day moving average price of $21.80.

Insider Transactions at Thornburg Income Builder Opportunities Trust

In other Thornburg Income Builder Opportunities Trust news, insider Anne W. Kritzmire purchased 3,440 shares of the stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average price of $22.20 per share, for a total transaction of $76,368.00. Following the completion of the acquisition, the insider owned 4,840 shares of the company’s stock, valued at $107,448. This represents a 245.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Thornburg Income Builder Opportunities Trust

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of Thornburg Income Builder Opportunities Trust by 8.2% during the 2nd quarter. NewEdge Advisors LLC now owns 16,513 shares of the company’s stock worth $364,000 after purchasing an additional 1,250 shares in the last quarter. Wedbush Securities Inc. increased its holdings in Thornburg Income Builder Opportunities Trust by 6.1% in the second quarter. Wedbush Securities Inc. now owns 42,539 shares of the company’s stock worth $939,000 after buying an additional 2,452 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new position in Thornburg Income Builder Opportunities Trust in the second quarter worth approximately $254,000. Sanctuary Advisors LLC bought a new position in Thornburg Income Builder Opportunities Trust during the second quarter valued at approximately $3,078,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Thornburg Income Builder Opportunities Trust in the second quarter worth approximately $59,000.

Thornburg Income Builder Opportunities Trust Company Profile

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.