Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report) declared a monthly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.1125 per share on Monday, November 30th. This represents a $1.35 annualized dividend and a yield of 11.6%. The ex-dividend date is Friday, November 20th.
Ares Dynamic Credit Allocation Fund Stock Performance
Shares of NYSE ARDC traded up $0.04 during trading on Wednesday, reaching $11.60. The company had a trading volume of 13,289 shares, compared to its average volume of 121,788. Ares Dynamic Credit Allocation Fund has a twelve month low of $11.10 and a twelve month high of $13.99. The stock has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $12.37.
Ares Dynamic Credit Allocation Fund Company Profile
Ares Dynamic Credit Allocation Fund is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol ARDC. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing across a diversified portfolio of credit-related assets. Its investments may include broadly syndicated loans, high-yield bonds, investment-grade corporate debt, structured credit, collateralized loan obligation securities and other fixed-income instruments.
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