Guggenheim Credit Allocation Fund (NYSE:GGM) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.1813 per share on Wednesday, February 28th. This represents a $2.18 annualized dividend and a dividend yield of 9.62%. The ex-dividend date is Wednesday, February 14th.
Guggenheim Credit Allocation Fund has raised its dividend by an average of 1.7% per year over the last three years.
Guggenheim Credit Allocation Fund (NYSE:GGM) opened at $22.61 on Tuesday. Guggenheim Credit Allocation Fund has a twelve month low of $21.65 and a twelve month high of $24.03.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/13/guggenheim-credit-allocation-fund-ggm-to-issue-monthly-dividend-of-0-18-on-february-28th.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.