Guggenheim Credit Allocation Fund (NYSE:GGM) to Issue $0.18 Monthly Dividend

Guggenheim Credit Allocation Fund (NYSE:GGM) declared a monthly dividend on Monday, May 3rd, Zacks reports. Stockholders of record on Friday, May 14th will be given a dividend of 0.181 per share on Friday, May 28th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date is Thursday, May 13th.

GGM stock traded down $0.26 on Wednesday, reaching $21.17. 425 shares of the company’s stock were exchanged, compared to its average volume of 86,521. The stock has a fifty day moving average of $20.91 and a 200-day moving average of $20.03. Guggenheim Credit Allocation Fund has a twelve month low of $15.81 and a twelve month high of $21.97.

Guggenheim Credit Allocation Fund Company Profile

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

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