On November 11, 2020, Ares Dynamic Credit (NYSE: ARDC) declared a dividend payable on November 30, 2020 to its shareholders. Ares Dynamic Credit also announced that shareholders on the company's books on or before November 19, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Ares Dynamic Credit is set for November 18, 2020. The company's current dividend payout sits at $0.1, equating to a dividend yield of 8.97% at current price levels.The Significance Of An Ex-Dividend Date Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Ares Dynamic Credit's Dividend Performance Over the past year, Ares Dynamic Credit has seen its dividend payouts remain the same and its yields trend downward. Last year on July 20, 2020 the company's payout sat at $0.1, which has returned to its value today. Ares Dynamic Credit's dividend yield last year was 9.71%, which has since decreased by 0.74%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.Click here to find details on Ares Dynamic Credit's previous dividends.See more from Benzinga * Click here for options trades from Benzinga * Analyzing HomeTrust Bancshares's Ex-Dividend Date * Earnings Outlook For Edap TMS(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.