Guggenheim Credit Allocation Fund (GGM) Receiving Somewhat Positive Media Coverage, Study Finds

Press coverage about Guggenheim Credit Allocation Fund (NYSE:GGM) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Guggenheim Credit Allocation Fund earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.9513904594685 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

GGM traded up $0.16 during trading on Tuesday, reaching $22.43. 15,620 shares of the stock traded hands, compared to its average volume of 27,185. Guggenheim Credit Allocation Fund has a fifty-two week low of $21.08 and a fifty-two week high of $23.88.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.1813 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.18 dividend on an annualized basis and a yield of 9.70%.

Guggenheim Credit Allocation Fund Company Profile

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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