Ares Dynamic Credit Allocation Fund, Inc. (ARDC) To Go Ex-Dividend on June 22nd

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Thursday, June 11th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.1125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, June 22nd.

Ares Dynamic Credit Allocation Fund Price Performance

NYSE ARDC opened at $12.78 on Friday. The company has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $12.86. Ares Dynamic Credit Allocation Fund has a 12-month low of $11.60 and a 12-month 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.