Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.1813 per share on Tuesday, December 31st. This represents a $2.18 dividend on an annualized basis and a yield of 10.81%. The ex-dividend date is Thursday, December 12th. This is a boost from Guggenheim Credit Allocation Fund’s previous monthly dividend of $0.18.
NYSE:GGM traded up $0.03 during trading hours on Wednesday, reaching $20.13. 55,466 shares of the company were exchanged, compared to its average volume of 30,109. Guggenheim Credit Allocation Fund has a 1-year low of $17.00 and a 1-year high of $21.98. The business has a 50 day moving average of $20.21 and a 200 day moving average of $20.38.
About Guggenheim Credit Allocation Fund
Guggenheim Credit Allocation Fund is a closed ended fixed income mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund invests in credit securities that include debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans.
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