Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.68 and traded as high as $15.28. Ares Dynamic Credit Allocation Fund shares last traded at $15.28, with a volume of 80,892 shares traded.
Ares Dynamic Credit Allocation Fund Stock Performance
The stock has a 50 day simple moving average of $15.17 and a two-hundred day simple moving average of $14.68.
Ares Dynamic Credit Allocation Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.1175 per share. This represents a $1.41 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date of this dividend is Friday, September 20th.
Institutional Investors Weigh In On Ares Dynamic Credit Allocation Fund
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.
Featured Articles
- Five stocks we like better than Ares Dynamic Credit Allocation Fund
- Why Invest in High-Yield Dividend Stocks?
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- How to Choose Top Rated Stocks
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Receive News & Ratings for Ares Dynamic Credit Allocation Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Dynamic Credit Allocation Fund and related companies with MarketBeat.com's FREE daily email newsletter.