Ares Dynamic Credit Allocation Fund Announces $0.1125 Monthly Dividend, 9.71% Forward Yield

Ares Dynamic Credit Allocation Fund has declared a $0.1125 monthly dividend, consistent with the previous payout. The forward yield is 9.71%. The dividend is payable on May 30 for shareholders of record on May 19, with an ex-dividend date of May 19. This marks the fourth consecutive month the company has announced a $0.1125 dividend.

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) has announced a monthly dividend of $0.1125 per share, maintaining its previous payout. The forward yield stands at 9.71%. The dividend, payable on May 30, is intended for shareholders of record as of May 19, with an ex-dividend date of May 19 [1].

This declaration marks the fourth consecutive month that Ares Dynamic Credit Allocation Fund has announced a $0.1125 dividend. The consistent payouts demonstrate the fund's commitment to its high-yield strategy, which aims to attract income-oriented investors. The fund's yield of 9.5% plus has positioned it as a competitive option in the multi-sector credit closed-end fund (CEF) market, despite the inherent risks associated with high-yield investments.

Investors should consider the fund's dividend scorecard, yield chart, and dividend growth history when evaluating its performance. The fund's ability to maintain a consistent dividend payout, even in challenging market conditions, is a testament to its robust investment strategy and risk management practices.

References:
[1] https://seekingalpha.com/news/4446217-ares-dynamic-credit-allocation-fund-declares-01125-dividend