Understanding GOF Stock Dividend: History, Yield, and Ex-Dividend Date

Investing in stocks can often feel like navigating rocky waters, especially when it comes to understanding dividends. For shareholders, knowing the ins and outs of dividend payments is crucial to maximizing returns.

As a seasoned financial analyst with over a decade of experience dissecting stock market trends and advising investors, I bring clarity to one such intriguing investment option: Guggenheim Strategic Opportunities Fund (GOF).

This closed-end fund has caught the attention of many for its monthly dividend distributions—a feature not commonly found in the investment world.

With a strikingly high dividend yield that towers above 12%, GOF presents itself as an exceptional case study in income investing. November 14, 2023, marks an important date on every GOF investor’s calendar—the ex-dividend date—underscoring its significance for eligibility to receive forthcoming dividends.

Armed with key insights into GOF’s performance history and distribution strategy, this article aims to demystify what makes it stand out from other funds. Prepare for an enlightening dive into the anatomy of GOF’s stock dividend!

Key Takeaways

  • Guggenheim Strategic Opportunities Fund (GOF) pays dividends every month, which is not very common. For example, on November 14, 2023, they said they would pay $0.18 per share on December 14.
  • The fund has a high dividend yield; it was at 16.22% with an annual payment of $2.1852 per share.
  • If you buy shares before the ex – dividend date (like November 14 for the next payout), you will get the dividend.
  • GOF dividends can come as ordinary income, tax – exempt income, capital gains, or return of capital. This mix is important for taxes.
  • Market actions and trends can change how much dividend GOF gives out. Factors like interest rates and economic health matter a lot.

Dividend History and Statistics of GOF

The dividend history and statistics of Guggenheim Strategic Opportunities Fund (GOF) include distribution history, ex-dividend date, dividend yields, tax information, and dividend benchmarks.

Understanding these factors is crucial for investors looking to maximize their returns from GOF stock dividends.

Distribution history

GOF’s distribution history showcases a pattern of steady monthly dividends. Here is a snapshot of recent payouts:

Ex-Dividend DateDividend AmountPayment Date
11/14/2023$0.1812/14/2023
10/13/2023$0.18210/31/2023

Investors keen on the ex-dividend date should mark November 14, 2023, in their calendars to ensure eligibility for the next payout. With a robust yield of 12.37% to 16.22%, GOF remains an attractive option for income-focused investors. Understanding the ex-dividend date and payment patterns is crucial for effective portfolio management. Moving forward, we will delve into the specific details concerning GOF’s dividend types and distribution breakdown.

Ex-dividend date

Moving on from the distribution history, it’s critical to note that Guggenheim Strategic Opportunities Fund (GOF) has an ex-dividend date of November 14, 2023. If investors purchase GOF shares prior to this date, they will be eligible to receive the forthcoming dividend payment. The recent dividend announcement stands at $0.18 per share, with a subsequent payment date scheduled for December 14. It’s important for potential investors to keep an eye on these dates and factor them into their investment decisions.

With a clear understanding of the dividend history and upcoming ex-dividend date, investors can strategize their investment in Guggenheim Strategic Opportunities Fund (GOF). This information offers insight into when shareholders need to own the stock for entitlement to receive dividends and highlights key dates in the dividend distribution process.

Dividend yields

Guggenheim Strategic Opportunities Fund (GOF) has a high dividend yield of 16.22%, with an annual dividend of $2.1852 and a P/E ratio of N/A. The recent dividend announcement stands at $0.18 per share, and the last dividend paid was $0.182 on October 31, 2023, resulting in a current dividend yield (TTM) of 14.23%. This makes GOF an attractive option for investors seeking regular income from their investments.

Understanding GOF’s dividends is crucial for investors looking to maximize their returns and make informed decisions about their investment portfolios. With its monthly dividends and solid history, GOF offers an appealing opportunity for those desiring steady income while maintaining a diversified investment strategy.

Tax information

GOF provides tax-exempt income, long-term capital gains, and return of capital in its dividends. The fund’s dividend may include ordinary income, which is taxable at regular rates; tax-exempt income, which is not subject to federal taxes; long-term capital gains, taxed at lower rates for investments held over a year; and return of capital, considered a return of the investor’s original investment and not taxed when received.

GOF’s tax information makes it important for investors to understand the different types of dividend distributions and their tax implications.

In addition to understanding the types of dividends offered by GOF, investors should also consider the impact on their taxes. With a dividend yield as high as 16.22% and an ex-dividend date coming up soon on November 14th, it’s essential for shareholders to comprehend how these dividends will affect their tax liabilities.

Dividend benchmarks

Guggenheim Strategic Opportunities Fund (GOF) has set high dividend benchmarks, with a current yield of 14.23% and an annual payout of $2.1852 per share. The fund’s ex-dividend date is November 14, 2023, which means investors who buy in before this date will qualify for the next dividend distribution. GOF’s monthly dividends have consistently met or exceeded industry standards, making it an attractive option for income-seeking investors seeking reliable returns.

The benchmark for Guggenheim Strategic Opportunities Fund’s (GOF) dividends remains strong, as evident from its consistent performance and high yields relative to its peers. Its current annual dividend of $2.1852 per share sets a competitive standard within the market while also providing regular monthly payouts that appeal to income-focused investors. With an impressive track record and steady performance metrics, GOF’s dividends stand out as reliable and lucrative options compared to other investment alternatives.

Understanding GOF’s Dividend

This section will explore the different types of dividends offered by Guggenheim Strategic Opportunities Fund, including ordinary, tax-exempt, capital gains, and return of capital.

It will also provide a breakdown of the percentage distribution for each type of dividend.

Types of dividends (ordinary, tax-exempt, capital gains, return of capital)

Guggenheim Strategic Opportunities Fund (GOF) provides different types of dividends to its investors. These include:

  1. Ordinary Dividends: These are the most common type, usually paid from the fund’s earnings.
  2. Tax-Exempt Dividends: These are not subject to federal income tax, typically from municipal bonds or other tax-exempt securities in the fund.
  3. Capital Gains Distributions: These come from profits on the sale of stocks or other investments within the fund.
  4. Return of Capital: This represents a portion of an investor’s original investment returned to them, not considered as income but reducing their cost basis in the fund.

Percentage breakdown of total distribution

The percentage breakdown of GOF’s total distribution includes ordinary dividends, tax-exempt income dividends, and long-term capital gains. Ordinary dividends constitute a significant portion of the total distribution, providing regular income to investors. Tax-exempt income dividends offer tax advantages to eligible shareholders, while long-term capital gains contribute to the fund’s overall returns by distributing profits from the sale of investments.

Investors can benefit from a diversified distribution structure that encompasses various types of income and gains. This breakdown aligns with GOF’s objective to provide consistent monthly distributions and potential tax benefits for shareholders seeking income opportunities in their investment portfolio.

Factors Affecting GOF Dividends

Market action lists play a significant role in determining GOF dividends, as well as the fund’s PE ratio which can impact dividend payouts.

Market action lists

Investors closely monitor market action lists for potential factors that could impact GOF’s dividend distributions. These lists provide insights into various market conditions and trends, helping investors make informed decisions. Here are the key factors included in market action lists:

  1. Economic indicators – such as inflation rates, GDP growth, and unemployment levels – can influence the fund’s performance and dividend payouts.
  2. Interest rate movements, particularly those set by central banks, play a crucial role in shaping GOF’s dividend returns for investors.
  3. Market volatility and overall investment sentiment have a direct impact on the fund’s ability to maintain consistent dividend payments.
  4. Sector – specific developments, including regulatory changes and technological advancements, may affect GOF’s investment portfolio and consequently its dividends.
  5. Geopolitical events and global market conditions can introduce uncertainties that sway GOF’s dividend stability and yield.

Conclusion and Resources for Further Information

Understanding Guggenheim Strategic Opportunities Fund (GOF) dividends requires knowledge of its history, yield, and ex-dividend date. The dividend yield for GOF is 16.22% annually, with a recent announcement of $0.18 per share made on October 31, 2023.

Investors buying before the ex-dividend date will receive the next dividend distribution. For more details about GOF’s dividends and related information, explore reliable resources like Morningstar ratings and financial news outlets.

FAQs

1. What is a GOF stock dividend?

A GOF stock dividend is money that the company pays to its shareholders. It comes from the profits they make.

2. How often will I get a dividend from GOF stock?

The company decides when to give out dividends, which can be every few months or every year. Check their history for more details.

3. What does ex-dividend date mean for GOF stock?

Ex-dividend date is the day when buying GOF stocks no longer includes the right to get the upcoming dividend. Buy before this date if you want it.

4. Is money from a GOF stock dividend tax-exempt income?

Not all of it; only some parts may be tax-exempt, like long-term capital gains or specific types of earnings that don’t get taxed.

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