Insider Buying: Ares Dynamic Credit Allocation Fund Insider Buys 7,000 Shares of Stock (ARDC)
Ares Dynamic Credit Allocation Fund (NASDAQ:ARDC) Insider Ares Capital Management Ii Llc acquired 7,000 shares of Ares Dynamic Credit Allocation Fund stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of $18.10 per share, for a total transaction of $126,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ares Dynamic Credit Allocation Fund (NASDAQ:ARDC) traded down 0.17% during mid-day trading on Thursday, hitting $18.05. 42,921 shares of the company’s stock traded hands. Ares Dynamic Credit Allocation Fund has a 52-week low of $17.93 and a 52-week high of $20.41. The stock has a 50-day moving average of $18.22 and a 200-day moving average of $18.98.
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 7.78%. The ex-dividend date of this dividend is Thursday, October 17th.
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