Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Stockholders of record on Monday, October 23rd will be given a dividend of 0.105 per share on Tuesday, October 31st. This represents a $1.26 annualized dividend and a dividend yield of 7.65%. The ex-dividend date is Friday, October 20th.
Ares Dynamic Credit Allocation Fund has decreased its dividend by an average of 3.2% per year over the last three years.
Ares Dynamic Credit Allocation Fund (ARDC) traded up 0.24% during mid-day trading on Wednesday, hitting $16.48. The stock had a trading volume of 105,548 shares. Ares Dynamic Credit Allocation Fund has a 12-month low of $14.18 and a 12-month high of $16.56. The company has a 50-day moving average of $16.33 and a 200-day moving average of $16.25.
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