Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Announces $0.10 Monthly Dividend
Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Thursday, January 12th. Stockholders of record on Monday, January 23rd will be paid a dividend of 0.1025 per share on Tuesday, January 31st. This represents a $1.23 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date is Thursday, January 19th.
Shares of Ares Dynamic Credit Allocation Fund (NYSE:ARDC) opened at 15.31 on Friday. Ares Dynamic Credit Allocation Fund has a one year low of $11.86 and a one year high of $15.37. The stock’s 50 day moving average price is $14.98 and its 200-day moving average price is $14.56.
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In other news, Director James Kelso Hunt bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The stock was acquired at an average price of $14.97 per share, with a total value of $74,850.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Joseph Shaw bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were purchased at an average cost of $14.98 per share, with a total value of $149,800.00. The disclosure for this purchase can be found here.
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