Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.1813 per share on Friday, December 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date is Thursday, December 14th.

Guggenheim Credit Allocation Fund has increased its dividend by an average of 49.9% annually over the last three years.

Shares of Guggenheim Credit Allocation Fund (GGM) traded up $0.13 during mid-day trading on Monday, hitting $22.04. The stock had a trading volume of 20,476 shares, compared to its average volume of 22,864. Guggenheim Credit Allocation Fund has a 12-month low of $20.85 and a 12-month high of $24.03.

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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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