Ares Dynamic Credit Allocation Fund (ARDC) Earning Positive Media Coverage, Report Finds
Headlines about Ares Dynamic Credit Allocation Fund (NYSE:ARDC) have been trending positive on Saturday, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ares Dynamic Credit Allocation Fund earned a news sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave news coverage about the company an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) traded up 0.19% during mid-day trading on Friday, reaching $16.21. 75,798 shares of the company were exchanged. The stock’s 50-day moving average is $16.00 and its 200-day moving average is $15.34. Ares Dynamic Credit Allocation Fund has a 12 month low of $13.45 and a 12 month high of $16.23.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend is Tuesday, June 20th.
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