Guggenheim Strategic Opportunities Fund (NYSE:GOF) announced a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 13th will be paid a dividend of 0.1821 per share by the investment management company on Monday, April 30th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend is Thursday, April 12th.
Shares of NYSE GOF traded up $0.06 during midday trading on Wednesday, reaching $20.37. 66,066 shares of the company’s stock were exchanged, compared to its average volume of 176,818. Guggenheim Strategic Opportunities Fund has a 52-week low of $18.80 and a 52-week high of $21.85.
In related news, insider Randall C. Barnes bought 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $20.23 per share, for a total transaction of $52,598.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Randall C. Barnes bought 2,997 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was bought at an average price of $20.82 per share, with a total value of $62,397.54. The disclosure for this purchase can be found here. Insiders purchased 6,337 shares of company stock valued at $129,944 over the last quarter.
Guggenheim Strategic Opportunities Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to maximize total return through a combination of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing in a range of fixed-income and other debt and senior equity securities (income securities) selected from a range of credit qualities and sectors, including, but not limited to, corporate bonds, loans and loan participations, structured finance investments, the United States Government and agency securities, mezzanine and preferred securities and convertible securities, and in common stocks, limited liability company interests, trust certificates and other equity investments (common equity securities, exposure to which is obtained primarily by investing in exchange-traded funds).
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