Ares Management's Series A Preferred Shares Cross 7.5% Yield Mark
March 27, 2020 at 14:08 PM EDT
In trading on Friday, shares of Ares Management Corp's 7.00% Series A Preferred Units (ARES. RA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $23.04 on the day.