Ares Dynamic Credit Allocation Fund, Inc. (ARDC) To Go Ex-Dividend on October 19th

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Friday, October 9th. Stockholders of record on Monday, October 19th will be given a dividend of $0.1125 per share on Friday, October 30th. This represents a $1.35 annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Monday, October 19th.

Ares Dynamic Credit Allocation Fund Price Performance

NYSE ARDC traded up $0.01 on Friday, hitting $11.37. 178,732 shares of the company traded hands, compared to its average volume of 117,572. The business’s 50 day moving average price is $11.97 and its 200-day moving average price is $12.34. Ares Dynamic Credit Allocation Fund has a 52-week low of $11.21 and a 52-week high of $13.99.

Ares Dynamic Credit Allocation Fund Company Profile

Ares Dynamic Credit Allocation Fund is a diversified, closed-end management investment company listed on the New York Stock Exchange under the symbol ARDC. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing across a broad range of credit-related assets.

Its portfolio may include senior secured loans, high-yield bonds, investment-grade debt, structured credit investments and other fixed-income securities. By allocating across different credit sectors, the fund is designed to pursue income opportunities while managing exposure to changing economic and market conditions.

Ares Dynamic Credit Allocation Fund is advised by Ares Capital Management LLC, an affiliate of global alternative investment manager Ares Management Corporation.