Ares Management declares quarterly dividend of $0.61 per share

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Ares Management($NYSE:ARES) has announced that it will be paying a quarterly dividend of $0.61 per share, in line with its previous dividend payments. This dividend will be payable on September 30th to shareholders of record on September 16th, and will be ex-dividend on September 15th.

Dividends

This is in keeping with their dividend policy for the last two years, which has seen dividends of $1.88 and $1.60 per share. Their dividend yields for the last three years have been 4.06%, 2.9%, and 2.83%. This gives a three-year average dividend yield of 3.26%. If you are looking for dividend stocks, Ares Management should be on your list of companies to consider.

Stock Price

On Wednesday, ARES MANAGEMENT stock opened at $76.6 and closed at $76.8, up by 0.9% from prior closing price of 76.1. The company’s stock has been on a steady upward trend over the past few weeks, and Wednesday’s slight increase continued that trend. Investors appear to be confident in the company’s prospects, and the stock price reflects that optimism. Analysts expect ARES MANAGEMENT to continue to perform well in the coming quarters, and the stock price is likely to continue to rise as a result.

VI Analysis

Ares Management is a publicly traded company that provides alternative asset management services. The company’s fundamentals reflect its long term potential, and its stock is classified as a “cheetah” by the VI Star Chart. This means that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster. Ares Management has a low health score of 2/10 considering its cashflows and debt, and is less likely to sustain future operations in times of crisis. However, the company is strong in dividend growth and medium in profitability.

Summary

Ares Management, L.P. is a publicly traded limited partnership that is a leading global alternative asset manager. Ares Management is a global alternative asset manager and a leading provider of capital solutions to investors. Ares Management’s investment strategy emphasizes control investing in middle market companies and leveraged buyouts. Ares Management also invests in distressed debt, mezzanine financing, equity, and other investments. Ares Management has a strong track record of creating value for its investors and has a proven ability to generate attractive risk-adjusted returns. Ares Management’s common units are listed on the New York Stock Exchange and trade on the OTCQX marketplace .