Summary
Ares Management Corporation (ARES) filed an 8-K on May 6, 2020, to report its financial results for the first quarter ended March 31, 2020. The filing includes a press release and an earnings presentation that provide details on the company's performance during the period. Investors should note that this information is furnished and not deemed 'filed' for purposes of certain securities laws, meaning it may not be automatically incorporated into future SEC filings unless specifically referenced. In addition to the quarterly results, the 8-K also announced the declaration of a quarterly dividend of $0.40 per share for Class A common stock. This dividend is scheduled to be paid on June 30, 2020, to shareholders of record as of June 16, 2020. This dividend announcement is a key takeaway for income-focused investors.
Key Highlights
- 1Ares Management Corporation announced its Q1 2020 financial results via press release and earnings presentation on May 6, 2020.
- 2The company declared a quarterly dividend of $0.40 per share for its Class A common stock.
- 3The dividend payment date is June 30, 2020.
- 4The record date for the dividend is June 16, 2020.
- 5The information furnished in this 8-K is for disclosure purposes and is not considered 'filed' under Section 18 of the Exchange Act unless specifically incorporated.
- 6Exhibit 99.1 contains the press release, and Exhibit 99.2 contains the earnings presentation.