Ares Capital

Ares Capital Corp. is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company was founded on April 1, 2004 and is headquartered in New York, NY.

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Ares Capital reports robust Q2 earnings, poised for growth

Ares Capital's Q2 2024 earnings call highlighted strong financial performance, robust deal flow, and a commitment to shareholder returns through dividends. The company's proactive approach to accessing funding markets and maintaining a strong credit profile positions it well for future opportunities and growth.

Ares Capital reports record earnings and growth amidst market challenges

Ares Capital delivered strong financial performance in Q3 2024, with robust core earnings and record NAV per share. Despite facing potential challenges in market dynamics, the company remains well-positioned for growth and success.

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Ares Capital reported a strong 4.9% total NAV return and a rise in core net income in its latest quarterly results. ARCC's sector allocation is typical for BDCs, with software and healthcare being key areas. The company's dividend yield is 10.1% and its core net income yield is 12.3%.

Ares Capital: Q3 Update - Stellar Result With Plenty Of Dry Powder

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Ares Capital has a strong, growing business, with a great track record of success. The stock remains attractively valued despite outperforming the S&P 500 in recent years.

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NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital's Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024. Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital's Chief Financial Officer, effective the same date. Ms. Roll, who also serves as the Chief Financial Officer of Ares Management Corporation's (“Ares”) Credit Gr.

Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer

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Why Ares Capital (ARCC) is a Top Growth Stock for the Long-Term

Here's Why Ares Capital (ARCC) is a Strong Momentum Stock

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ARES is an exemplary example of a BDC taking advantage of all the right things that alternative credit should be doing at this time. Peter Lynch stated that you should only buy long government bonds if the yield is at least 600 basis points higher than the S&P 500 dividend yield. He made the argument that junk bonds could be competitive with equities. With credit now tightening, this could be an opportunity to get higher for longer rates on BDCs.

Ares Capital: Even Peter Lynch Once Liked 'Junk'

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Its portfolio of floating-rate loans is improving Ares Capital's overall profitability. Prospect Capital isn't in a position to raise its dividend payment anytime soon, but the yield is already really good.

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TROY, Mich. , Oct. 30, 2023 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Gentex Corp. (NASDAQ:GNTX) as its "Stock to Study" and Ares Capital Corp. (NASDAQ: ARCC) as its "Undervalued Stock" in the January 2024 issue for investors' informational and educational use.

BetterInvesting™ Magazine Update on Gentex Corp. and Ares Capital Corp.

Ares Capital Corporation covered its dividend payout with net investment income and achieved a dividend coverage ratio above 100% in 3Q-23. The BDC's credit quality improved, with a low percentage of non-accruals in the third quarter. ARCC is positioned for higher interest rates and has large floating-rate exposure, making it a compelling investment option for passive income investors.

Ares Capital: Higher Rates Make This 10% BDC Yield A No-Brainer (Upgrade)

Ares Capital (ARCC) records a rise in revenues and expenses in the third quarter of 2023.

Ares Capital (ARCC) Q3 Earnings Beat as Revenues Improve Y/Y

Ares Capital (NASDAQ:ARCC ) Q3 2023 Earnings Conference Call October 24, 2023 12:00 PM ET Company Participants John Stilmar - MD of Public IR & Communications Kipp DeVeer - CEO Penni Roll - CFO Mitch Goldstein - Senior Partner, Partner, Co-President & Co-Head of Ares Credit Group Kort Schnabel - Partner, Co-President and Co-Head of U.S. Direct Lending Conference Call Participants Melissa Wedel - JPMorgan Finian O'Shea - Wells Fargo Securities Arren Cyganovich - Citigroup Casey Alexander - Compass Point Vilas Abraham - UBS Robert Dodd - Raymond James Kenneth Lee - RBC Capital Markets Mark Hughes - Truist Securities Ryan Lynch - KBW Operator Good afternoon. Welcome to the Ares capital Corporation's Third Quarter, September 30, 2023 Earnings Conference Call.

Ares Capital (ARCC) Q3 2023 Earnings Conference Call Transcript

Here is how Ares Capital (ARCC) and Avidbank Holdings Inc. (AVBH) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Ares Capital (ARCC) This Year?

The headline numbers for Ares Capital (ARCC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Ares Capital (ARCC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Ares Capital (ARCC) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.50 per share a year ago.

Ares Capital (ARCC) Tops Q3 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a fourth quarter 2023 dividend of $0.48 per share. The fourth quarter 2023 dividend is payable on December 28, 2023 to stockholders of record as of December 15, 2023. SEPTEMBER 30, 2023 FINANCIAL RESULTS Ares Capital also announced financial results for its third quarter ended September 30, 2023. OPERATING RESULTS     Q3-23(1)   Q3-22(1)   (dollar amounts in mil.

Ares Capital Corporation Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.48 Per Share

Ares Capital's double-digit dividend yield is one of the few that isn't at high risk of being cut. The BDC is well-diversified and can keep consistently growing. Ares Capital boasts an investment-grade balance sheet, which affords it low borrowing costs.

Ares Capital: Get Paid A 10%+ Dividend And Sleep Well At Night

Ares Capital (ARCC) is expected to have recorded growth in revenues in the third quarter of 2023.

Ares Capital (ARCC) to Report Q3 Earnings: What's in Store?

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News for Ares Capital ETF (ARCC)