Ares Dynamic Credit Allocation Fund, Inc. Declares Monthly Dividend of $0.11 (ARDC)
Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Investors of record on Thursday, December 21st will be given a dividend of 0.105 per share on Friday, December 29th. This represents a $1.26 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Wednesday, December 20th.
Ares Dynamic Credit Allocation Fund has decreased its dividend by an average of 3.2% annually over the last three years.
Ares Dynamic Credit Allocation Fund (ARDC) traded up 0.24% during midday trading on Wednesday, hitting $16.48. 105,548 shares of the company traded hands. Ares Dynamic Credit Allocation Fund has a 12-month low of $14.18 and a 12-month high of $16.56. The stock’s 50-day moving average price is $16.33 and its 200 day moving average price is $16.25.
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