- Ares Dynamic Credit Allocation Fund (ARDC, Financial) declares a steady monthly dividend of $0.1125 per share.
- The forward yield stands robust at 9.44%, offering attractive returns.
- Key dates include the ex-dividend and record date on July 21, with dividends paid on July 31.
Ares Dynamic Credit Allocation Fund's Dividend Announcement
Ares Dynamic Credit Allocation Fund (NYSE: ARDC) has declared its monthly dividend, maintaining a payout of $0.1125 per share. This consistent dividend rate reflects the fund's commitment to delivering reliable returns to its shareholders.
Attractive Forward Yield
For investors seeking income, ARDC offers a compelling forward yield of 9.44%. This yield highlights the fund's ability to generate substantial income, making it a noteworthy consideration for income-focused portfolios.
Key Dates to Remember
Shareholders need to note important dates associated with the dividend payout:
- Ex-Dividend Date: July 21
- Record Date: July 21
- Payment Date: July 31
Investors who own shares by the ex-dividend date will be eligible to receive the dividend, which will be paid at the end of the month.
With a steady dividend and an attractive yield, Ares Dynamic Credit Allocation Fund continues to be a strong player in the dividend investment landscape.
