Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Raises Dividend to $0.11 Per Share

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Friday, January 12th, Wall Street Journal reports. Investors of record on Thursday, February 22nd will be paid a dividend of 0.1075 per share on Wednesday, February 28th. This represents a $1.29 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend is Wednesday, February 21st. This is an increase from Ares Dynamic Credit Allocation Fund’s previous monthly dividend of $0.11.

Ares Dynamic Credit Allocation Fund has decreased its dividend by an average of 3.9% annually over the last three years.

Shares of Ares Dynamic Credit Allocation Fund (NYSE:ARDC) traded down $0.09 during trading hours on Friday, hitting $16.45. 57,304 shares of the company traded hands, compared to its average volume of 67,308. Ares Dynamic Credit Allocation Fund has a fifty-two week low of $15.24 and a fifty-two week high of $16.60.

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Dividend History for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)

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