Ares Management Corporation (NYSE:ARES) to Issue Quarterly Dividend of $1.35

Ares Management Corporation (NYSE:ARES) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 1.35 per share by the asset manager on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, March 17th. This is a 60.0% increase from Ares Management’s previous quarterly dividend of $0.84.

Ares Management has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Ares Management has a payout ratio of 68.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ares Management to earn $6.65 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 67.4%.

Ares Management Trading Down 11.3%

NYSE:ARES opened at $121.70 on Friday. The stock has a market cap of $39.78 billion, a PE ratio of 52.23, a price-to-earnings-growth ratio of 0.79 and a beta of 1.52. Ares Management has a fifty-two week low of $110.63 and a fifty-two week high of $195.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The stock’s 50-day moving average is $163.50 and its two-hundred day moving average is $165.65.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, equities research analysts forecast that Ares Management will post 5.28 earnings per share for the current fiscal year.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.