Quantcast

Ares Management Series A Preferred Units About To Put More Money In Your Pocket


Shutterstock photo

On 9/14/17, Ares Management LP's 7.00% Series A Preferred Units (Symbol: ARES.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 9/30/17. As a percentage of ARES.PRA's recent share price of $27.13, this dividend works out to approximately 1.61%, so look for shares of ARES.PRA to trade 1.61% lower - all else being equal - when ARES.PRA shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 6.46%. The chart below shows the one year performance of ARES.PRA shares, versus ARES:

Performance Comparison Chart

Below is a dividend history chart for ARES.PRA, showing historical dividends prior to the most recent $0.4375 on Ares Management LP's 7.00% Series A Preferred Units :

ARES.PRA+Dividend+History+Chart

In Tuesday trading, Ares Management LP's 7.00% Series A Preferred Units (Symbol: ARES.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: ARES) are up about 0.1%.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: ARES.PRA , ARES


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com