Ares Dynamic Credit Allocation Fund, Inc. (ARDC) will begin trading ex-dividend on October 16, 2020. A cash dividend payment of $0.097 per share is scheduled to be paid on October 30, 2020. Shareholders who purchased ARDC prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that ARDC has paid the same dividend. At the current stock price of $13.01, the dividend yield is 8.95%.
The previous trading day's last sale of ARDC was $13.01, representing a -18.23% decrease from the 52 week high of $15.91 and a 60.59% increase over the 52 week low of $8.10.
Interested in gaining exposure to ARDC through an Exchange Traded Fund [ETF]?
The following ETF(s) have ARDC as a top-10 holding:
- First Trust CEF Income Opportunity ETF (FCEF).
The top-performing ETF of this group is FCEF with an increase of 13.65% over the last 100 days. It also has the highest percent weighting of ARDC at 3.37%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.