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References in periodicals archive ?
Fee related earnings were USD 98.2m and USD 186.2m for the quarter and six months ended June 30, 2013, respectively, up from USD 69.8m and USD 143.1m in the comparable periods of 2012.
Reports Fee Related Earnings of $433M, or 36c/unit in the quarter, up 23% year-over-year.
COO and CFO Michael McFerran stated, "In concurrence with this change, Ares will begin paying a steady, quarterly dividend for each calendar year based on the growth in our after-tax core fee related earnings. This dividend policy should reduce the historical volatility of our distributions, and allow us to retain a greater portion of our earnings for growth and potential share repurchases." Ares declared a distribution of 40c per common unit for the five months ended February 28, inclusive of 25c per common unit for 4Q17 and 15c per common unit for the first two months of 1Q18, payable on February 28 to common unitholders of record at the close of business on February 26.