Ares Dynamic Credit Allocation Fund, Inc. (ARDC) To Go Ex-Dividend on May 20th

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDCGet Free Report) announced a monthly dividend on Friday, May 10th, Wall Street Journal reports. Investors of record on Tuesday, May 21st will be given a dividend of 0.1175 per share on Friday, May 31st. This represents a $1.41 annualized dividend and a yield of 9.66%. The ex-dividend date of this dividend is Monday, May 20th.

Ares Dynamic Credit Allocation Fund has increased its dividend by an average of 4.1% per year over the last three years and has raised its dividend every year for the last 2 years.

Ares Dynamic Credit Allocation Fund Price Performance

ARDC stock opened at $14.59 on Friday. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.56 and a 12 month high of $14.89. The firm has a 50-day moving average price of $14.14 and a 200-day moving average price of $13.61.

Ares Dynamic Credit Allocation Fund Company Profile

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Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments.

See Also

Dividend History for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)

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