Guggenheim Credit Allocation Fund Announces Monthly Dividend of $0.18 (GGM)
Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be given a dividend of 0.1813 per share on Tuesday, October 31st. This represents a $2.18 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend is Thursday, October 12th.
Guggenheim Credit Allocation Fund has raised its dividend payment by an average of 49.9% annually over the last three years.
Guggenheim Credit Allocation Fund (GGM) traded down 0.43% on Tuesday, hitting $23.00. 34,079 shares of the stock were exchanged. Guggenheim Credit Allocation Fund has a 1-year low of $19.77 and a 1-year high of $24.03. The company has a 50-day moving average price of $22.93 and a 200 day moving average price of $23.13.
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Guggenheim Credit Allocation Fund Company Profile
Guggenheim Credit Allocation Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to seek total return through a combination of current income and capital appreciation. It invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities, debt securities, loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans.
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