Ares Capital Corporation Plans Quarterly Dividend of $0.48 (NASDAQ:ARCC)

Ares Capital Corporation (NASDAQ:ARCC) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.48 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Tuesday, September 15th.

Ares Capital has raised its dividend by an average of 0.0%per year over the last three years. Ares Capital has a payout ratio of 96.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Ares Capital to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 99.0%.

Ares Capital Stock Down 1.7%

Shares of NASDAQ:ARCC opened at $18.71 on Thursday. The firm has a fifty day moving average price of $18.67 and a two-hundred day moving average price of $18.92. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 11.48 and a beta of 0.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.40 and a quick ratio of 1.40. Ares Capital has a one year low of $17.40 and a one year high of $22.93.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Wednesday, July 29th. The investment management company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Ares Capital had a net margin of 37.30% and a return on equity of 9.85%. The firm had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $770.19 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Analysts anticipate that Ares Capital will post 1.9 EPS for the current fiscal year.

Ares Capital Company Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.