Ares Dynamic Credit Allocation Fund, Inc. (ARDC) To Go Ex-Dividend on December 20th

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.1175 per share on Tuesday, December 31st. This represents a $1.41 annualized dividend and a yield of 9.24%. The ex-dividend date of this dividend is Friday, December 20th.

Ares Dynamic Credit Allocation Fund Trading Down 0.5 %

Shares of NYSE:ARDC opened at $15.26 on Wednesday. The firm’s 50 day moving average price is $15.19 and its 200-day moving average price is $15.11. Ares Dynamic Credit Allocation Fund has a twelve month low of $13.24 and a twelve month high of $15.62.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments.