Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Friday, January 12th, Wall Street Journal reports. Investors of record on Thursday, February 22nd will be given a dividend of 0.1075 per share on Wednesday, February 28th. This represents a $1.29 annualized dividend and a yield of 7.84%. The ex-dividend date is Wednesday, February 21st. This is a positive change from Ares Dynamic Credit Allocation Fund’s previous monthly dividend of $0.11.

Ares Dynamic Credit Allocation Fund has decreased its dividend payment by an average of 3.9% annually over the last three years.

Ares Dynamic Credit Allocation Fund (ARDC) traded down $0.09 during mid-day trading on Friday, reaching $16.45. 57,304 shares of the company traded hands, compared to its average volume of 67,308. Ares Dynamic Credit Allocation Fund has a fifty-two week low of $15.24 and a fifty-two week high of $16.60.

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

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