Ares Management Corporation (ARES) to Issue Quarterly Dividend of $1.35 on June 30th

Ares Management Corporation (NYSE:ARES) declared a quarterly dividend on Friday, May 1st. Investors of record on Tuesday, June 16th will be paid a dividend of 1.35 per share by the asset manager on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, June 16th.

Ares Management has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 7 years. Ares Management has a payout ratio of 83.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Ares Management to earn $7.45 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 72.5%.

Ares Management Trading Up 1.6%

Ares Management stock opened at $119.26 on Friday. The firm has a 50-day moving average of $110.17 and a 200-day moving average of $139.55. Ares Management has a one year low of $95.80 and a one year high of $195.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $39.29 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, equities analysts expect that Ares Management will post 6.09 earnings per share for the current fiscal year.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.