Cash Dividend On The Way From Ares Dynamic Credit Allocation Fund (ARDC)

Looking at the universe of stocks we cover at Dividend Channel, on 10/17/13, Ares Dynamic Credit Allocation Fund (ARDC) will trade ex-dividend, for its monthly dividend of $0.117, payable on 10/31/13. As a percentage of ARDC's recent stock price of $17.94, this dividend works out to approximately 0.65%, so look for shares of Ares Dynamic Credit Allocation Fund to trade 0.65% lower — all else being equal — when ARDC shares open for trading on 10/17/13.

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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:

ARDC+Dividend+History+Chart

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 7.83% on annualized basis is a reasonable expectation of annual yield going forward.
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In Tuesday trading, Ares Dynamic Credit Allocation Fund shares are currently down about 0.4% on the day.

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