Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Friday, July 14th, Wall Street Journal reports. Investors of record on Monday, July 24th will be paid a dividend of 0.105 per share on Monday, July 31st. This represents a $1.26 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Thursday, July 20th.
Ares Dynamic Credit Allocation Fund has decreased its dividend payment by an average of 3.2% per year over the last three years.
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) opened at 16.38 on Wednesday. The company has a 50 day moving average price of $16.36 and a 200 day moving average price of $16.06. Ares Dynamic Credit Allocation Fund has a 52 week low of $14.18 and a 52 week high of $16.56.
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