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Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Ex-Dividend Date Scheduled for October 17, 2013
By: NASDAQ.com News
Ares Dynamic Credit Allocation Fund, Inc. ( ARDC ) will begin trading ex-dividend on October 17, 2013. A cash dividend payment of $0.117 per share is scheduled to be paid on October 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 $17.89, the dividend yield is 7.85%.
The previous trading day's last sale of ARDC was $17.89, representing a -12.35% decrease from the 52 week high of $20.41 and a 0.73% increase over the 52 week low of $17.76.