Ares Dynamic Credit Allocation Fund Inc (ARDC) To Go Ex-Dividend on September 18th
Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) announced a dividend on Thursday, July 11th, NASDAQ reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.108 per share on Monday, September 30th. The ex-dividend date of this dividend is Wednesday, September 18th.
Ares Dynamic Credit Allocation Fund has decreased its dividend payment by an average of 2.8% per year over the last three years.
Shares of ARDC stock opened at $15.05 on Monday. The company has a 50 day moving average of $15.06 and a 200-day moving average of $15.08. Ares Dynamic Credit Allocation Fund has a 12-month low of $13.07 and a 12-month high of $15.94.
Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. 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, debt securities issued by CLOs, and other fixed-income instruments.
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