Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Friday, July 14th, Wall Street Journal reports. Stockholders of record on Thursday, September 21st will be paid a dividend of 0.105 per share on Friday, September 29th. This represents a $1.26 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend is Wednesday, September 20th.

Ares Dynamic Credit Allocation Fund has decreased its dividend by an average of 3.2% annually over the last three years.

Shares of Ares Dynamic Credit Allocation Fund (ARDC) traded down 0.61% during midday trading on Friday, hitting $16.30. The stock had a trading volume of 64,581 shares. Ares Dynamic Credit Allocation Fund has a 1-year low of $13.87 and a 1-year high of $16.55. The firm has a 50-day moving average price of $16.21 and a 200-day moving average price of $15.83.

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Dividend History for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)

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