News articles about Guggenheim Credit Allocation Fund (NYSE:GGM) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Guggenheim Credit Allocation Fund earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.3719122215995 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Guggenheim Credit Allocation Fund (NYSE GGM) traded up $0.18 on Tuesday, reaching $21.93. The company’s stock had a trading volume of 42,700 shares, compared to its average volume of 23,620. Guggenheim Credit Allocation Fund has a 52 week low of $21.65 and a 52 week high of $24.03.
The business also recently announced a monthly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.18 annualized dividend and a yield of 9.92%.
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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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