Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) Plans Monthly Dividend of $0.11

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 21st will be given a dividend of 0.1125 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Friday, November 21st.

Ares Dynamic Credit Allocation Fund Stock Performance

Shares of NYSE:ARDC traded up $0.07 on Wednesday, reaching $13.96. 30,523 shares of the company’s stock were exchanged, compared to its average volume of 108,096. Ares Dynamic Credit Allocation Fund has a twelve month low of $11.52 and a twelve month high of $15.62. The company has a fifty day moving average of $14.03 and a 200-day moving average of $14.16.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments.