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, May 11th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.1125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Thursday, May 21st.

Ares Dynamic Credit Allocation Fund Price Performance

Shares of ARDC opened at $12.88 on Tuesday. The firm has a 50 day simple moving average of $12.35 and a 200-day simple moving average of $13.06. Ares Dynamic Credit Allocation Fund has a 1-year low of $11.60 and a 1-year high of $15.03.

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.