Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report) announced a monthly dividend on Tuesday, August 11th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.1125 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Friday, August 21st.
Ares Dynamic Credit Allocation Fund Price Performance
Shares of ARDC opened at $12.42 on Thursday. The stock has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $12.63. Ares Dynamic Credit Allocation Fund has a 1 year low of $11.60 and a 1 year high of $15.03.
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.
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