Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
05 October 2004Website:
http://www.arescapitalcorp.comNext earnings report:
07 February 2025Last dividends:
13 September 2024Next dividends:
13 December 2024Price
pre-market | Mon, 04 Nov 2024 09:38:59 GMTAnalysts recommendations
Institutional Ownership
ARCC Latest News
With yields above 9%, these stocks could accelerate your retirement timeline.
It's not just the high dividend yields that make these stocks attractive.
Ares Capital Corporation (NASDAQ:ARCC ) Q3 2024 Earnings Conference Call October 30, 2024 12:00 PM ET Company Participants John Stilmar - Partner, Co-Head of Public Markets IR Kipp DeVeer - CEO Scott Lem - CFO Kort Schnabel - Co-President, Los Angeles Jim Miller - Co-President Conference Call Participants John Hecht - Jefferies Finian O'Shea - Wells Fargo Securities Casey Alexander - Compass Point Robert Dodd - Raymond James Kenneth Lee - RBC Capital Markets Mark Hughes - Truist Paul Johnson - KBW Derek Hewett - Bank of America Merrill Lynch John Stilmar Thank you. Let me start with some important reminders.
Ares Capital (ARCC) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.59 per share a year ago.
Ares Capital (ARCC) closed at $21.58 in the latest trading session, marking a -0.42% move from the prior day.
Ares Capital (ARCC) closed at $21.67 in the latest trading session, marking a +0.79% move from the prior day.
This business development company's high-yielding dividend looks surprisingly stable.
Investing in the stock market has long proven itself as a winning formula for generating wealth, though there are many paths to profits.
For stocks with dividend yields above 8%, these two are on more stable footing than you'd expect.
Ares Capital is well-positioned even as the Fed is expected to lower its interest rates through 2025. ARCC's core EPS has likely peaked, but a potentially improved M&A environment and increased investment activity could spur a re-rating. Valuations remain attractive, with a forward dividend yield of nearly 9%. Income investors reallocating from cash should find them appealing.
What type of business is Ares Capital?
Ares Capital Corporation is a closed-end non-diversified investment management company, founded on April 16, 2004. The company mainly specializes in investing in medium-sized companies in the United States. The company's investment portfolio mainly consists of senior secured loans with first and second liens, subordinated debt, preferred stock, and, to a lesser extent, investments in common stock of medium-sized private companies. Debt investments in corporate borrowers typically range from $30 to $500 million each, and investments in power generation/financing projects typically range from $10 to $200 million each.
What sector is Ares Capital in?
Ares Capital is in the Financial Services sector
What industry is Ares Capital in?
Ares Capital is in the Asset Management industry
What country is Ares Capital from?
Ares Capital is headquartered in United States
When did Ares Capital go public?
Ares Capital initial public offering (IPO) was on 05 October 2004
What is Ares Capital website?
https://www.arescapitalcorp.com
Is Ares Capital in the S&P 500?
No, Ares Capital is not included in the S&P 500 index
Is Ares Capital in the NASDAQ 100?
No, Ares Capital is not included in the NASDAQ 100 index
Is Ares Capital in the Dow Jones?
No, Ares Capital is not included in the Dow Jones index
When was Ares Capital the previous earnings report?
No data
When does Ares Capital earnings report?
The next expected earnings date for Ares Capital is 07 February 2025