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

Ares Management Corporation (NYSE:ARES) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Tuesday, March 17th will be given a dividend of 1.35 per share by the asset manager on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 60.0% increase from Ares Management’s previous quarterly dividend of $0.84.

Ares Management has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 7 years. Ares Management has a dividend payout ratio of 68.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ares Management to earn $6.65 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 67.4%.

Ares Management Stock Down 11.3%

Shares of ARES stock traded down $15.52 during mid-day trading on Thursday, reaching $121.70. 10,939,019 shares of the company’s stock traded hands, compared to its average volume of 3,062,550. Ares Management has a 12 month low of $110.63 and a 12 month high of $195.26. The company has a market cap of $39.78 billion, a P/E ratio of 52.23, a P/E/G ratio of 0.76 and a beta of 1.52. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $163.50 and its 200-day moving average price is $165.65.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities analysts expect that Ares Management will post 5.28 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.