DIVIDEND ANNOUNCEMENT: Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 04/09/2020 declared a dividend of $0.0975 per share

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 04/09/2020 declared a dividend of $ 0.0975 per share payable on April 30, 2020 to shareholders of record as of April 21, 2020. Dividend amount recorded is a decrease of $ 0.01 from last dividend Paid.

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) has paid dividends since 2013, has a current dividend yield of 11.0065841675% and has increased its dividends for 0 successive years.

The stock price closed yesterday at $ 10.63 and has a 52 week low/high of $ 8.10 and $ 15.91.

Ares Dynamic Credit Allocation Fund is registered as a closed-end management investment company. The Fund's investment objective is to seek a risk adjusted level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in primarily in a portfolio of senior secured loans made to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, other fixed-income instruments of a similar nature that may be represented by derivatives, and securities issued by entities commonly referred to as collateralized loan obligations and other asset-backed securities.

For more information on Ares Dynamic Credit Allocation Fund Inc click here.