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Ares Management ( (ARES) ) has issued an announcement.
On February 5, 2025, Ares Management Corporation announced a quarterly dividend of $1.12 per share for its Class A common stock, payable on March 31, 2025. The company also reported its financial results for the fourth quarter and full year ending December 31, 2024, highlighting a GAAP net income of $177.3 million and significant achievements in fundraising and capital deployment, with $93 billion raised in 2024. The company is optimistic about a more active transaction environment in 2025, which could offer more investment opportunities and drive growth. Ares also declared a quarterly dividend of $0.84375 per share for its Series B preferred stock, payable on April 1, 2025, and noted progress on its GCP International transaction, expected to close in the first quarter of 2025.
More about Ares Management
Ares Management Corporation is a global alternative investment manager offering a range of primary and secondary investment solutions in credit, real estate, private equity, and infrastructure asset classes. The company aims to provide flexible capital to support businesses and create value for stakeholders. As of December 31, 2024, it managed over $484 billion in assets across North America, Europe, Asia Pacific, and the Middle East.
YTD Price Performance: 9.24%
Average Trading Volume: 1,096,245
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $61.52B
For a thorough assessment of ARES stock, go to TipRanks’ Stock Analysis page.
