Ares Management ( (ARES) ) has issued an update.
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Ares Management Corporation announced its strong third-quarter 2024 financial results, showcasing a net income of $118.5 million and impressive fundraising momentum with over $64 billion raised year-to-date. The company declared a quarterly dividend of $0.93 per share for its Class A common stock. With a strategic focus on alternative investment strategies and a robust capital position, Ares anticipates a record fundraising year and significant future earnings growth.
For an in-depth examination of ARES stock, go to TipRanks’ Stock Analysis page.