Ares Dynamic Credit Allocation Fund, Inc. Announces Monthly Dividend of $0.12 (NYSE:ARDC)

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.1175 per share on Tuesday, December 31st. This represents a $1.41 annualized dividend and a dividend yield of 9.20%. The ex-dividend date is Friday, December 20th.

Ares Dynamic Credit Allocation Fund Stock Up 0.1 %

Shares of NYSE ARDC traded up $0.02 during mid-day trading on Wednesday, hitting $15.32. The company had a trading volume of 95,012 shares, compared to its average volume of 96,292. Ares Dynamic Credit Allocation Fund has a 1-year low of $12.88 and a 1-year high of $15.62. The business’s 50-day simple moving average is $15.19 and its 200 day simple moving average is $15.07.

Ares Dynamic Credit Allocation Fund Company Profile

Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments.