Ares Dynamic Credit Allocation Fund, Inc. to Issue Monthly Dividend of $0.11 (NYSE:ARDC)

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Wednesday, February 12th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.1125 per share on Tuesday, March 4th. This represents a $1.35 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date is Monday, February 24th.

Ares Dynamic Credit Allocation Fund Trading Up 0.0 %

Shares of NYSE ARDC opened at $15.30 on Friday. Ares Dynamic Credit Allocation Fund has a 12-month low of $13.45 and a 12-month high of $15.62. The business’s fifty day simple moving average is $15.21 and its 200-day simple moving average is $15.21.

About Ares Dynamic Credit Allocation Fund

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.