Guggenheim Credit Allocation Fund (NYSE:GGM) Raises Dividend to $0.18 Per Share

Guggenheim Credit Allocation Fund (NYSE:GGM) announced a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Investors of record on Thursday, April 15th will be given a dividend of 0.1813 per share on Friday, April 30th. This represents a $2.18 annualized dividend and a dividend yield of 10.29%. The ex-dividend date is Wednesday, April 14th. This is a boost from Guggenheim Credit Allocation Fund’s previous monthly dividend of $0.18.

Shares of GGM opened at $21.15 on Wednesday. The business has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $19.54. Guggenheim Credit Allocation Fund has a 12-month low of $14.43 and a 12-month high of $21.24.

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

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