Guggenheim Credit Allocation Fund (GGM) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media stories about Guggenheim Credit Allocation Fund (NYSE:GGM) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Guggenheim Credit Allocation Fund earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.1870208546589 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Guggenheim Credit Allocation Fund (NYSE:GGM) remained flat at $$22.00 during midday trading on Friday. The stock had a trading volume of 21,600 shares, compared to its average volume of 22,820. Guggenheim Credit Allocation Fund has a one year low of $20.85 and a one year high of $24.03.
The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.1813 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date is Thursday, December 14th.
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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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