Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) to Issue Monthly Dividend of $0.12

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Monday, November 11th,NASDAQ Dividends reports. Investors of record on Thursday, November 21st will be given a dividend of 0.1175 per share on Friday, November 29th. This represents a $1.41 annualized dividend and a yield of 9.43%. The ex-dividend date of this dividend is Thursday, November 21st.

Ares Dynamic Credit Allocation Fund Stock Performance

Ares Dynamic Credit Allocation Fund stock traded down $0.07 during trading hours on Tuesday, reaching $14.96. 87,557 shares of the company’s stock traded hands, compared to its average volume of 97,654. The firm’s 50 day moving average is $15.19 and its 200-day moving average is $14.93. Ares Dynamic Credit Allocation Fund has a fifty-two week low of $12.52 and a fifty-two week high of $15.49.

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.