Looking at the universe of stocks we cover at Dividend Channel, on 7/18/13, Ares Dynamic Credit Allocation Fund (ARDC) will trade ex-dividend, for its monthly dividend of $0.117, payable on 7/31/13. As a percentage of ARDC's recent stock price of $19.15, this dividend works out to approximately 0.61%, so look for shares of Ares Dynamic Credit Allocation Fund to trade 0.61% lower — all else being equal — when ARDC shares open for trading on 7/18/13.

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Below is a dividend history chart for ARDC, showing historical dividends prior to the most recent $0.117 declared by Ares Dynamic Credit Allocation Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ARDC is likely to continue, and whether the current estimated yield of 7.33% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Ares Dynamic Credit Allocation Fund shares are currently trading flat on the day.