08:18 AM EDT, 05/21/2024 (MT Newswires) -- Ares Management ( ARES ) is targeting over $750 billion in assets under management by 2028, the company said Tuesday.

Realized income will likely increase at a faster rate than fee-related earnings over the next five years, assigning 2028 midpoint targets to the two categories of $3.50 billion and $2.65 billion, respectively, Ares said.

The company also said it expects dividends to continue to grow by at least 20% annually over the next five years, with a 2028 target annual dividend of at least $7.66 per Class A common share.

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