Ares Dynamic Credit Allocation Fund, Inc. (ARDC) to Issue Monthly Dividend of $0.11 on January 30th

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Friday, January 9th. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.1125 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, January 20th.

Ares Dynamic Credit Allocation Fund Stock Down 0.4%

Shares of Ares Dynamic Credit Allocation Fund stock traded down $0.06 during midday trading on Friday, reaching $13.58. 539,746 shares of the company’s stock traded hands, compared to its average volume of 162,968. Ares Dynamic Credit Allocation Fund has a 52 week low of $11.52 and a 52 week high of $15.62. The company’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $13.96.

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.