Ares Management Corporation (NYSE:ARES) Announces Quarterly Dividend of $1.35

Ares Management Corporation (NYSE:ARES) declared a quarterly dividend on Friday, July 31st. Investors of record on Wednesday, September 16th will be paid a dividend of 1.35 per share by the asset manager on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Ares Management has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Ares Management has a dividend payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Ares Management to earn $7.33 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 73.7%.

Ares Management Price Performance

ARES stock traded up $4.19 during midday trading on Friday, reaching $128.31. The company had a trading volume of 4,174,760 shares, compared to its average volume of 3,204,200. The company has a market capitalization of $42.32 billion, a price-to-earnings ratio of 59.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51. The stock has a 50 day moving average price of $123.75 and a 200-day moving average price of $123.94. Ares Management has a 1-year low of $95.80 and a 1-year high of $195.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. Ares Management’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Equities research analysts expect that Ares Management will post 5.98 earnings per share for the current year.

Ares Management Company Profile

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.