Ares Management Corporation Plans Quarterly Dividend of $1.35 (NYSE:ARES)

Ares Management Corporation (NYSE:ARES) declared a quarterly dividend on Friday, May 1st. Stockholders of record on Tuesday, June 16th will be paid a dividend of 1.35 per share by the asset manager on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, June 16th.

Ares Management has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Ares Management has a dividend payout ratio of 83.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Ares Management to earn $7.53 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 71.7%.

Ares Management Stock Up 1.6%

ARES traded up $1.86 on Friday, hitting $119.26. The company had a trading volume of 4,531,568 shares, compared to its average volume of 3,731,424. The stock has a market capitalization of $39.29 billion, a price-to-earnings ratio of 70.57, a P/E/G ratio of 0.99 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average price of $110.17 and a 200-day moving average price of $139.58. Ares Management has a 12-month low of $95.80 and a 12-month high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.10). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same quarter in the previous year, the business earned $1.09 earnings per share. Analysts predict that Ares Management will post 6.17 EPS for the current fiscal year.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.