Ares Dynamic Credit Allocation Fund, Inc. (ARDC) to Issue Monthly Dividend of $0.11 on December 31st

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Thursday, December 11th. Stockholders of record on Monday, December 22nd will be given a dividend of 0.1125 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, December 22nd.

Ares Dynamic Credit Allocation Fund Stock Performance

Ares Dynamic Credit Allocation Fund stock opened at $13.29 on Friday. The business has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $14.07. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.52 and a 12 month high of $15.62.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.

The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.