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 Friday, September 11th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.1125 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Monday, September 21st.

Ares Dynamic Credit Allocation Fund Stock Performance

Shares of NYSE ARDC traded down $0.07 during mid-day trading on Friday, reaching $12.02. The company’s stock had a trading volume of 95,734 shares, compared to its average volume of 115,414. Ares Dynamic Credit Allocation Fund has a 52 week low of $11.60 and a 52 week high of $14.89. The stock has a fifty day moving average of $12.37 and a two-hundred day moving average of $12.45.

Ares Dynamic Credit Allocation Fund Company Profile

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.

The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.