Ares Capital (ARCC) Offers 10% Yield with $0.48 Quarterly Dividend

AI Summary

Ares Capital (ARCC) currently offers a quarterly dividend of $0.48 per share, yielding more than 10% at a stock price of approximately $19. This yield significantly exceeds the S&P 500’s yield of about 1%. Ares has maintained a stable-to-growing dividend for 67 consecutive quarters, despite first-quarter core earnings falling to $0.47 per share. The company reported $0.15 per share in net realized gains for the first quarter, supporting its ability to sustain dividends. Shareholders must purchase before June 15 to receive the upcoming dividend payable on June 30.