Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Ex-Dividend Date Scheduled for December 19, 2013
Ares Dynamic Credit Allocation Fund, Inc. ( ARDC ) will begin trading ex-dividend on December 19, 2013. A cash dividend payment of $0.117 per share is scheduled to be paid on December 31, 2013. Shareholders who purchased ARDC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that ARDC has paid the same dividend. At the current stock price of $18, the dividend yield is 7.8%.
The previous trading day's last sale of ARDC was $18, representing a -11.81% decrease from the 52 week high of $20.41 and a 2.8% increase over the 52 week low of $17.51.