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.

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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.

Dividend History for Guggenheim Credit Allocation Fund (NYSE:GGM)

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