Ares Capital Declares Quarterly Dividend of $0.48 per Share
Ares Capital (ARCC) has declared a quarterly dividend of $0.48 per share, consistent with its previous payout. The forward yield is currently at 10.08%. Shareholders must be registered by September 15 to receive the payment on September 30; shares will trade ex-dividend starting that same date. The company reported Non-GAAP earnings of $0.47 per share, in line with expectations, but revenue came in at $768 million, missing estimates by $2.19 million. Analysts have raised concerns about potential challenges ahead for Ares Capital as it prepares to report Q2 results.
Tickers: $ARCC
Topics: Ares Capital earnings dividends