Guggenheim Credit Allocation Fund Declares Monthly Dividend of $0.18 (GGM)

Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.1813 per share on Wednesday, January 31st. This represents a $2.18 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Thursday, January 11th.

Guggenheim Credit Allocation Fund has increased its dividend payment by an average of 1.7% annually over the last three years.

Guggenheim Credit Allocation Fund (NYSE:GGM) traded up $0.12 during trading hours on Wednesday, hitting $21.99. The stock had a trading volume of 15,190 shares, compared to its average volume of 29,850. Guggenheim Credit Allocation Fund has a 1-year low of $21.65 and a 1-year 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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