Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Friday, January 12th, Wall Street Journal reports. Stockholders of record on Monday, January 22nd will be paid a dividend of 0.1075 per share on Wednesday, January 31st. This represents a $1.29 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Friday, January 19th.

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

Ares Dynamic Credit Allocation Fund (ARDC) traded down $0.09 during trading hours on Friday, reaching $16.45. 57,304 shares of the company were exchanged, compared to its average volume of 67,308. Ares Dynamic Credit Allocation Fund has a 1-year low of $15.24 and a 1-year high of $16.60.

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

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