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Ares Dynamic Credit Allocation Fund Inc Dividend Announcement
(NYSE:ARDC), www.aresdc.com
DIVIDEND ANNOUNCEMENT: Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 10/11/2018 declared a dividend of $0.1075 per share
Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 10/11/2018 declared a dividend of $ 0.1075 per share payable on October 31, 2018 to shareholders of record as of October 22, 2018. Dividend amount recorded is a decrease of $ 0.0025 from last dividend Paid.
Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) has paid dividends since 2013, has a current dividend yield of 8.49% and has increased its dividends for 0 successive years.
The stock price closed yesterday at $ 15.19 and has a 52 week low/high of $ 15.18 and $ 16.73.
Ares Dynamic Credit Allocation Fund is a a closed-end, non-diversified management investment company. The Fund's investment objective is to provide an attractive risk-adjusted level of total return, primarily through current income and, secondarily, through capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a dynamically managed portfolio of (i) secured loans, (ii) corporate bonds, and (iii) debt securities. As of Oct 31 2016, The Fund has total investments of $572,757,782 and total assets of $594,089,989.
For more information on Ares Dynamic Credit Allocation Fund Inc click here.
Dividend Ex Date: October 19, 2018
Dividend Record Date: October 22, 2018
Dividend Payment Date: October 31, 2018
Dividend Amount: $ 0.1075
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