Ares Management Corporation (ARES) to Issue Quarterly Dividend of $1.35 on September 30th

Ares Management Corporation (NYSE:ARES) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Wednesday, September 16th will be paid a dividend of 1.35 per share by the asset manager on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 16th.

Ares Management has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 7 years. Ares Management has a dividend payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Ares Management to earn $7.33 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 73.7%.

Ares Management Trading Up 3.4%

NYSE:ARES opened at $128.31 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management has a 1-year low of $95.80 and a 1-year high of $195.26. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 58.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.51. The stock has a fifty day simple moving average of $123.83 and a 200 day simple moving average of $123.97.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.Ares Management’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Sell-side analysts forecast that Ares Management will post 5.98 earnings per share for the current year.

Institutional Investors Weigh In On Ares Management

A number of institutional investors have recently bought and sold shares of the business. Osbon Capital Management LLC acquired a new position in shares of Ares Management in the 4th quarter valued at about $32,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management in the fourth quarter worth approximately $42,000. Elyxium Wealth LLC acquired a new stake in shares of Ares Management during the fourth quarter worth approximately $42,000. Summit Securities Group LLC acquired a new stake in shares of Ares Management during the fourth quarter worth approximately $49,000. Finally, Western Wealth Management LLC purchased a new position in Ares Management during the first quarter valued at approximately $50,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

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.