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 paid a dividend of 0.1813 per share on Wednesday, January 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 9.81%. 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.
Shares of Guggenheim Credit Allocation Fund (NYSE:GGM) opened at $22.18 on Friday. Guggenheim Credit Allocation Fund has a 52-week low of $21.65 and a 52-week 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.
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