Ares Capital Corporation (NASDAQ:ARCC) to Issue $0.48 Quarterly Dividend

Ares Capital Corporation (NASDAQ:ARCC) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Friday, March 13th will be given a dividend of 0.48 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date is Friday, March 13th.

Ares Capital has increased its dividend payment by an average of 0.0%per year over the last three years. Ares Capital has a payout ratio of 96.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Ares Capital to earn $2.17 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 88.5%.

Ares Capital Stock Performance

Shares of ARCC stock traded up $0.43 during trading hours on Wednesday, reaching $19.56. 10,937,100 shares of the company’s stock were exchanged, compared to its average volume of 5,755,928. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.20 and a quick ratio of 2.20. The company’s 50 day moving average is $20.46 and its two-hundred day moving average is $20.93. The company has a market cap of $14.00 billion, a P/E ratio of 9.78 and a beta of 0.59. Ares Capital has a 1 year low of $18.26 and a 1 year high of $23.63.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Ares Capital had a return on equity of 10.08% and a net margin of 45.16%.The firm had revenue of $793.00 million for the quarter, compared to the consensus estimate of $795.20 million. During the same period in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Ares Capital will post 2.19 EPS for the current fiscal year.

About Ares Capital

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.