Wednesday Is Your Last Chance To Buy Ares Dynamic Credit Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ares Dynamic Credit (NYSE:ARDC) has announced a monthly dividend of 11.25 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own ARDC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 17, 2023 | 2:45 pm
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Ares Dynamic Credit (ARDC) has announced a monthly dividend of 11.25 cents per share. The stock will likely trade lower on Thursday to reflect the payout.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price as the stock goes ex-dividend. This is because the stock price is adjusted to reflect the payout. Therefore, ARDC's stock price is likely to decrease in the short term.
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