Ares Dynamic Credit Allocation Fund, Inc. Plans Monthly Dividend of $0.11 (ARDC)
Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Investors of record on Wednesday, November 22nd will be given a dividend of 0.105 per share on Thursday, November 30th. This represents a $1.26 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend is Tuesday, November 21st.
Ares Dynamic Credit Allocation Fund has decreased its dividend payment by an average of 3.2% annually over the last three years.
Ares Dynamic Credit Allocation Fund (ARDC) traded up 0.24% during trading on Wednesday, reaching $16.48. The company had a trading volume of 105,548 shares. Ares Dynamic Credit Allocation Fund has a 12 month low of $14.18 and a 12 month high of $16.56. The firm’s 50 day moving average is $16.33 and its 200-day moving average is $16.25.
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