Guggenheim Credit Allocation Fund About To Put More Money In Your Pocket (GGM)

Looking at the universe of stocks we cover at Dividend Channel, on 5/13/15, Guggenheim Credit Allocation Fund ( GGM) will trade ex-dividend, for its monthly dividend of $0.1813, payable on 5/29/15. As a percentage of GGM's recent stock price of $23.13, this dividend works out to approximately 0.78%, so look for shares of Guggenheim Credit Allocation Fund to trade 0.78% lower — all else being equal — when GGM shares open for trading on 5/13/15.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for GGM, showing historical dividends prior to the most recent $0.1813 declared by Guggenheim Credit Allocation Fund:

GGM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GGM is likely to continue, and whether the current estimated yield of 9.41% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GGM shares, versus its 200 day moving average:

Guggenheim Credit Allocation Fund 200 Day Moving Average Chart

Looking at the chart above, GGM's low point in its 52 week range is $20.55 per share, with $25.51 as the 52 week high point — that compares with a last trade of $23.13.

In Monday trading, Guggenheim Credit Allocation Fund shares are currently trading flat on the day.

If you liked this article you might like

3 Stocks Going Ex-Dividend Tomorrow: GGM, BUI, BCX

Dividend Watch: 3 Stocks Going Ex-Dividend Wednesday: GGM, NSL, KMF

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: GGM, JLS, JFR

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: GGM, NHS, JPI

3 Stocks With Upcoming Ex-Dividend Dates: GGM, NRO, NPM