Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report) declared a monthly dividend on Friday, July 10th. Shareholders of record on Monday, July 20th will be given a dividend of 0.1125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Monday, July 20th.
Ares Dynamic Credit Allocation Fund Price Performance
Shares of Ares Dynamic Credit Allocation Fund stock opened at $12.49 on Friday. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.60 and a 12 month high of $15.03. The business has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $12.76.
Ares Dynamic Credit Allocation Fund Company Profile
Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.
The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.
See Also
- Five stocks we like better than Ares Dynamic Credit Allocation Fund
- MarketBeat Week in Review – 07/13- 07/17
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
Receive News & Ratings for Ares Dynamic Credit Allocation Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Dynamic Credit Allocation Fund and related companies with MarketBeat.com's FREE daily email newsletter.
