Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
Ares Capital Dividend Announcement
• Ares Capital announced a quarterly dividend of $0.48 per ordinary share which will be made payable on 2024-12-30. Ex dividend date: 2024-12-13
• Ares Capital annual dividend for 2024 was $1.92
• Ares Capital annual dividend for 2023 was $1.92
• Ares Capital's trailing twelve-month (TTM) dividend yield is 11.12%
• Ares Capital's payout ratio for the trailing twelve months (TTM) is 69.65%
• Ares Capital's dividend growth over the last five years (2018-2023) was 4.51% year
• Ares Capital's dividend growth over the last ten years (2013-2023) was 2.03% year
Ares Capital Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.48 | quarterly | 2024-12-30 |
2024-09-13 | $0.48 | quarterly | 2024-09-30 |
2024-06-14 | $0.48 | quarterly | 2024-06-28 |
2024-03-14 | $0.48 | quarterly | 2024-03-29 |
2023-12-14 | $0.48 | quarterly | 2023-12-28 |
2023-09-14 | $0.48 | quarterly | 2023-09-29 |
2023-06-14 | $0.48 | quarterly | 2023-06-30 |
2023-03-14 | $0.48 | quarterly | 2023-03-31 |
2022-12-14 | $0.48 | quarterly | 2022-12-29 |
2022-09-14 | $0.46 | quarterly | 2022-09-30 |
2022-06-14 | $0.45 | quarterly | 2022-06-30 |
2022-03-14 | $0.45 | quarterly | 2022-03-31 |
2021-12-14 | $0.41 | quarterly | 2021-12-30 |
2021-09-14 | $0.41 | quarterly | 2021-09-30 |
2021-06-14 | $0.40 | quarterly | 2021-06-30 |
2021-03-12 | $0.40 | quarterly | 2021-03-31 |
2020-12-14 | $0.40 | quarterly | 2020-12-30 |
2020-09-14 | $0.40 | quarterly | 2020-09-30 |
2020-06-12 | $0.40 | quarterly | 2020-06-30 |
2020-03-13 | $0.40 | quarterly | 2020-03-31 |
2019-12-13 | $0.40 | quarterly | 2019-12-27 |
2019-09-13 | $0.40 | quarterly | 2019-09-30 |
2019-06-13 | $0.42 | quarterly | 2019-06-28 |
2019-03-14 | $0.42 | quarterly | 2019-03-29 |
2018-12-13 | $0.39 | quarterly | 2018-12-28 |
2018-09-13 | $0.39 | quarterly | 2018-09-28 |
2018-06-14 | $0.38 | quarterly | 2018-06-29 |
2018-03-14 | $0.38 | quarterly | 2018-03-30 |
2017-12-14 | $0.38 | quarterly | 2017-12-29 |
2017-09-14 | $0.38 | quarterly | 2017-09-29 |
2017-06-13 | $0.38 | quarterly | 2017-06-30 |
2017-03-13 | $0.38 | quarterly | 2017-03-31 |
2016-12-13 | $0.38 | quarterly | 2016-12-30 |
2016-09-13 | $0.38 | quarterly | 2016-09-30 |
2016-06-13 | $0.38 | quarterly | 2016-06-30 |
2016-03-11 | $0.38 | quarterly | 2016-03-31 |
2015-12-11 | $0.38 | quarterly | 2015-12-31 |
2015-09-11 | $0.38 | quarterly | 2015-09-30 |
2015-06-11 | $0.38 | quarterly | 2015-06-30 |
2015-03-11 | $0.38 | quarterly | 2015-03-31 |
2014-12-11 | $0.38 | quarterly | 2014-12-31 |
2014-09-11 | $0.38 | quarterly | 2014-09-30 |
2014-06-12 | $0.38 | quarterly | 2014-06-30 |
2014-03-12 | $0.38 | quarterly | 2014-03-31 |
2013-12-12 | $0.43 | quarterly | 2013-12-31 |
2013-09-12 | $0.38 | quarterly | 2013-09-30 |
2013-06-12 | $0.38 | quarterly | 2013-06-28 |
2013-03-13 | $0.38 | quarterly | 2013-03-29 |
Ares Capital Dividend per year
Ares Capital Dividend growth
Ares Capital Dividend Yield
Ares Capital current trailing twelve-month (TTM) dividend yield is 11.12%. Interested in purchasing Ares Capital stock? Use our calculator to estimate your expected dividend yield:
Ares Capital Financial Ratios
Ares Capital Dividend FAQ
Other factors to consider when evaluating Ares Capital as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Ares Capital's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Ares Capital publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Ares Capital distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Ares Capital are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Ares Capital sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Ares Capital distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ares Capital declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Ares Capital's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Ares Capital's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.