Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Ex-Dividend Date Scheduled for May 20, 2014
Ares Dynamic Credit Allocation Fund, Inc. ( ARDC ) will begin trading ex-dividend on May 20, 2014. A cash dividend payment of $0.117 per share is scheduled to be paid on May 30, 2014. Shareholders who purchased ARDC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 18th quarter that ARDC has paid the same dividend. At the current stock price of $18.45, the dividend yield is 7.61%.
The previous trading day's last sale of ARDC was $18.45, representing a -7.66% decrease from the 52 week high of $19.98 and a 5.37% increase over the 52 week low of $17.51.