Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) Declares Monthly Dividend of $0.11

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) announced a monthly dividend on Monday, January 13th, Wall Street Journal reports. Investors of record on Wednesday, January 22nd will be given a dividend of 0.1075 per share on Friday, January 31st. This represents a $1.29 annualized dividend and a yield of 8.21%. The ex-dividend date of this dividend is Tuesday, January 21st.

Ares Dynamic Credit Allocation Fund has raised its dividend payment by an average of 1.2% per year over the last three years.

Ares Dynamic Credit Allocation Fund stock opened at $15.71 on Monday. Ares Dynamic Credit Allocation Fund has a 12-month low of $14.23 and a 12-month high of $15.80. The company has a 50-day moving average price of $15.12 and a 200 day moving average price of $14.99.

About Ares Dynamic Credit Allocation Fund

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

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