Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.1813 per share on Tuesday, October 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date is Thursday, October 12th.

Guggenheim Credit Allocation Fund has increased its dividend by an average of 49.9% per year over the last three years.

Guggenheim Credit Allocation Fund (GGM) traded down 0.09% during midday trading on Wednesday, hitting $22.98. The company had a trading volume of 1,724 shares. The company’s 50 day moving average is $22.93 and its 200-day moving average is $23.13. Guggenheim Credit Allocation Fund has a one year low of $19.77 and a one year high of $24.03.

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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.

Dividend History for Guggenheim Credit Allocation Fund (NYSE:GGM)

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