Ares Capital has maintained a steady quarterly dividend of $0.48 per share for 12 consecutive quarters, marking 68 quarters of stable or increasing payouts. However, the dividend has not grown, and recent earnings per share have slightly dipped below the dividend amount, signaling tighter coverage. Credit quality is softening with non-accrual loans rising from 1.8% to 2.4%, raising concerns about the sustainability of the payout. Management highlights a significant earnings buffer but acknowledges the risk if credit issues worsen, making the dividend reliable but with stalled growth.
Four dividend stocks—Gaming & Leisure Properties, T. Rowe Price, Ares Capital, and Xcel Energy—have ex-dividend dates this week, with Gaming & Leisure Properties' deadline closing today. Investors must own shares before these dates to receive the upc...
Ares Capital Corporation announced a $750 million public offering of 6.250% notes maturing in 2033. The proceeds will be used to repay existing debt and potentially reborrow for general corporate purposes, including investments in portfolio companies...
