Ares Management L.P. ( ARES ) will begin trading ex-dividend on November 20, 2015. A cash dividend payment of $0.13 per share is scheduled to be paid on December 08, 2015. Shareholders who purchased ARES prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -50% decrease from the prior quarter. At the current stock price of $13.73, the dividend yield is 3.79%.
The previous trading day's last sale of ARES was $13.73, representing a -37.13% decrease from the 52 week high of $21.84 and a 1.25% increase over the 52 week low of $13.56.
ARES is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). ARES's current earnings per share, an indicator of a company's profitability, is $.28. Zacks Investment Research reports ARES's forecasted earnings growth in 2015 as -15.21%, compared to an industry average of -9%.
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