Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) Shares Set to Pay Monthly Dividend of $0.11

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be given a dividend of $0.1125 per share on Monday, November 30th. This represents a $1.35 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Friday, November 20th.

Ares Dynamic Credit Allocation Fund Trading Up 0.3%

ARDC stock traded up $0.04 during midday trading on Wednesday, reaching $11.60. 13,289 shares of the company’s stock traded hands, compared to its average volume of 121,788. Ares Dynamic Credit Allocation Fund has a fifty-two week low of $11.10 and a fifty-two week high of $13.99. The business has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $12.37.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol ARDC. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing across a diversified portfolio of credit-related assets. Its investments may include broadly syndicated loans, high-yield bonds, investment-grade corporate debt, structured credit, collateralized loan obligation securities and other fixed-income instruments.