DIVIDEND ANNOUNCEMENT: Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 01/10/2023 declared a dividend of $0.1075 per share

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 01/10/2023 declared a dividend of $ 0.1075 per share payable on January 31, 2023 to shareholders of record as of January 20, 2023. Dividend amount recorded is an increase of $ 0.005 from last dividend Paid.

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) has paid dividends since 2013, has a current dividend yield of 10.1680679321% and has increased its dividends for 1 successive years.

The stock price closed yesterday at $ 11.90 and has a 52 week low/high of $ 11.16 and $ 16.43.

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.

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