Shares of Ares Capital Corporation (ARCC) gained 1.2% following the release of its first-quarter 2024 results. Core earnings of 59 cents per share met the Zacks Consensus Estimate. The bottom line reflects a rise of 3.5% from the prior-year quarter.Results were primarily aided by an improvement in the total investment income. Also, the company’s portfolio activity was robust in the quarter. However, an increase in expenses hurt the results to an extent.GAAP net income was $449 million or 76 cents per share, ...

Income investors can buy in May and go away with these stocks.The adage "sell in May and go away" hasn't always been wise advice. It's especially impractical for income investors who need to have their money working for them. Instead of selling stocks in May, income investors could be better off buying.Fortunately, you have plenty of good picks from which to choose, and many of them offer especially juicy dividend yields. Here are my five favorite high-yield dividend stocks to buy in May.1. Ares CapitalAres ...

Ares Capital (NASDAQ:ARCC) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants John Stilmar - Partner, Co-Head of Public Markets IR Kipp DeVeer - CEO Scott Lem - CFO Mitch Goldstein - Co-President Kort Schnabel - Co-President, Los Angeles Conference Call Participants John Hecht - Jefferies Finian O'Shea - Wells Fargo Melissa Wedel - JPMorgan Casey Alexander - Compass Point Paul Johnson - KBW Mark Hughes - Truist Erik Zwick - Hovde Group Robert Dodd - Raymond James Operator Good mor ...

Ares Capital (ARCC) reported $701 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.4%. EPS of $0.59 for the same period compares to $0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $701.4 million, representing a surprise of -0.06%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.59.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Ares Capital (ARCC) came out with quarterly earnings of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this private equity firm would post earnings of $0.59 per share when it actually produced earnings of $0.63, delivering a surprise of 6.78%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Ares Capital, which b ...

0 42 65 GENERAL 155 112 42 PALETTE 4 94 109 127 127 127 Credit 0 42 65 Private Equity BUSINESS 2 87 133 SECTOR PALETTE Real Estate 71 126 163 Strategic Initiative s 120 163 198 First Quarter 2024 Earnings Presentation 0 42 65 Important Notice GENERAL 155 112 42 PALETTE This presentation contains “forward-looking statementsˮ within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are 4 94 109 subject to risks and uncertainties. Actual outcomes and results could differ mate ...

Title of each class Trading symbol Name of each exchange on which registered Common stock, par value $0.001 per share ARCC NASDAQ Global Select Market Class Outstanding at April 26, 2024 Common stock, $0.001 par value 607,763,554 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...

Exhibit 99.1 As of ARES CAPITAL CORPORATION ANNOUNCES MARCH 31, 2024 FINANCIAL RESULTS AND DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS New York, NY — May 1, 2024 — Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2024 dividend of $0.48 per share. The second quarter 2024 dividend is payable on June 28, 2024 to stockholders of record as of June 14, 2024. MARCH 31, 2024 FINANCIAL RESULTS Ares Capital ...

Ares Capital Corporation (ARCC) is scheduled to announce first-quarter 2024 results on May 1, before market open. Its revenues and earnings are anticipated to have improved in the quarter on a year-over-year basis.In the last reported quarter, ARCC’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by an improvement in total investment income. Also, the company’s portfolio activity was robust. However, an increase in expenses hurt the results to some extent.Ares Capital has a de ...

We Are Ares Capital (NASDAQ:ARCC) is the largest business development company (BDC) in the world with $12.6 billion in market cap and a portfolio that, measured at fair value, was worth $22.9 billion in Q4 2023 holding different sub-asset classes among 505 portfolio companies. Currently, this BDC offers a dividend yield of 9.2%, most recent payout ratio of 71.9% and Seeking Alpha's dividend safety score of C+. I assume that most of you who are reading this analysis come to see why I am rating this stock wit ...