Guggenheim Credit Allocation Fund (NYSE:GGM) declared a monthly dividend on Monday, February 4th, Wall Street Journal reports. Investors of record on Friday, February 15th will be given a dividend of 0.1813 per share on Thursday, February 28th. This represents a $2.18 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date is Thursday, February 14th. This is a positive change from Guggenheim Credit Allocation Fund’s previous monthly dividend of $0.18.
Guggenheim Credit Allocation Fund has increased its dividend by an average of 2.9% per year over the last three years.
NYSE:GGM opened at $20.40 on Friday. Guggenheim Credit Allocation Fund has a 52 week low of $17.00 and a 52 week high of $23.04.
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About Guggenheim Credit Allocation Fund
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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