Insider Buying: Ares Capital Management Ii Llc Buys 27,900 Shares of Ares Dynamic Credit Allocation Fund Stock (ARDC)
Ares Dynamic Credit Allocation Fund (NASDAQ:ARDC) Insider Ares Capital Management Ii Llc acquired 27,900 shares of Ares Dynamic Credit Allocation Fund stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $502,200.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Ares Dynamic Credit Allocation Fund (NASDAQ:ARDC) opened at 17.89 on Wednesday. Ares Dynamic Credit Allocation Fund has a 52 week low of $17.76 and a 52 week high of $20.41. The stock has a 50-day moving average of $18.38 and a 200-day moving average of $19.12.
The company also recently declared a monthly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Monday, October 21st will be given a dividend of $0.12 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Thursday, October 17th.
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