Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) Declares Monthly Dividend of $0.11

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Monday, April 14th, Wall Street Journal reports. Investors of record on Monday, April 21st will be given a dividend of 0.1125 per share on Wednesday, April 30th. This represents a $1.35 annualized dividend and a yield of 10.37%. The ex-dividend date is Monday, April 21st.

Ares Dynamic Credit Allocation Fund Stock Performance

Ares Dynamic Credit Allocation Fund stock opened at $13.02 on Tuesday. The stock’s fifty day moving average is $14.30 and its two-hundred day moving average is $14.88. Ares Dynamic Credit Allocation Fund has a 1-year low of $11.52 and a 1-year high of $15.62.

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.