Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report) declared a monthly dividend on Thursday, June 11th. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.1125 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Monday, June 22nd.
Ares Dynamic Credit Allocation Fund Stock Down 0.0%
Shares of ARDC opened at $12.56 on Friday. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.60 and a 12 month high of $15.03. The stock’s 50-day moving average price is $12.54 and its two-hundred day moving average price is $12.89.
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.
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