Ares Dynamic Credit Allocation Fund, Inc. (ARDC) to Issue Monthly Dividend of $0.11 on June 30th

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Thursday, June 11th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.1125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Monday, June 22nd.

Ares Dynamic Credit Allocation Fund Trading Up 0.2%

Shares of Ares Dynamic Credit Allocation Fund stock opened at $12.59 on Friday. The stock has a 50 day moving average price of $12.55 and a 200-day moving average price of $12.89. Ares Dynamic Credit Allocation Fund has a one year low of $11.60 and a one year high of $15.03.

Ares Dynamic Credit Allocation Fund Company Profile

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.

The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.