Ares Dynamic Credit Allocation Fund, Inc. (ARDC) To Go Ex-Dividend on May 21st

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Monday, May 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.1125 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Thursday, May 21st.

Ares Dynamic Credit Allocation Fund Price Performance

Shares of Ares Dynamic Credit Allocation Fund stock opened at $12.68 on Tuesday. The company’s fifty day moving average price is $12.37 and its two-hundred day moving average price is $13.03. Ares Dynamic Credit Allocation Fund has a 52-week low of $11.60 and a 52-week high of $15.03.

About Ares Dynamic Credit Allocation Fund

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.