Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report) declared a monthly dividend on Friday, October 9th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.1125 per share on Friday, October 30th. This represents a $1.35 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Monday, October 19th.
Ares Dynamic Credit Allocation Fund Stock Performance
NYSE:ARDC traded up $0.01 on Friday, reaching $11.37. The stock had a trading volume of 178,732 shares, compared to its average volume of 117,572. The company has a 50-day moving average of $11.97 and a 200 day moving average of $12.34. Ares Dynamic Credit Allocation Fund has a 12-month low of $11.21 and a 12-month high of $13.99.
About Ares Dynamic Credit Allocation Fund
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.
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