Guggenheim Credit Allocation Fund (GGM) Earning Somewhat Favorable Press Coverage, Analysis Shows
Press coverage about Guggenheim Credit Allocation Fund (NYSE:GGM) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Guggenheim Credit Allocation Fund earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2871317786263 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Guggenheim Credit Allocation Fund (NYSE:GGM) traded up $0.18 on Friday, hitting $22.12. The company had a trading volume of 9,988 shares, compared to its average volume of 23,535. Guggenheim Credit Allocation Fund has a 1-year low of $20.31 and a 1-year high of $24.03.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a $0.1813 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.18 annualized dividend and a dividend yield of 9.84%.
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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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