Markets

Cash Dividend On The Way From Ares Management LP's 7.00% Series A Preferred Units

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 3/14/18, Ares Management LP's 7.00% Series A Preferred Units (Symbol: ARES.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 3/31/18. As a percentage of ARES.PRA's recent share price of $26.48, this dividend works out to approximately 1.65%, so look for shares of ARES.PRA to trade 1.65% lower - all else being equal - when ARES.PRA shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 6.58%. The chart below shows the one year performance of ARES.PRA shares, versus ARES:

Performance Comparison Chart

Below is a dividend history chart for ARES.PRA, showing historical dividends prior to the most recent $0.4375 on Ares Management LP's 7.00% Series A Preferred Units :

ARES.PRA+Dividend+History+Chart

In Monday trading, Ares Management LP's 7.00% Series A Preferred Units (Symbol: ARES.PRA) is currently trading flat on the day, while the common shares (Symbol: ARES) are up about 0.9%.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

ARES.PRA ARES

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More