Guggenheim Credit Allocation Fund Announces Monthly Dividend of $0.18 (GGM)
Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.1813 per share on Thursday, November 30th. This represents a $2.18 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date is Tuesday, November 14th.
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 $0.09 during trading hours on Friday, reaching $22.42. The company’s stock had a trading volume of 12,020 shares.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/03/guggenheim-credit-allocation-fund-announces-monthly-dividend-of-0-18-ggm.html.
About Guggenheim Credit Allocation Fund
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.
Receive News & Ratings for Guggenheim Credit Allocation Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guggenheim Credit Allocation Fund and related companies with MarketBeat.com's FREE daily email newsletter.