Media stories about Guggenheim Credit Allocation Fund (NYSE:GGM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Guggenheim Credit Allocation Fund earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.1374098845279 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Guggenheim Credit Allocation Fund (GGM) traded down 0.99% during midday trading on Friday, hitting $22.84. 39,309 shares of the stock were exchanged. The firm has a 50-day moving average price of $23.22 and a 200-day moving average price of $23.23. Guggenheim Credit Allocation Fund has a one year low of $19.77 and a one year high of $24.03.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.1813 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend is Friday, August 11th.

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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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