Ares Capital(ARCC)

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Ares Capital(ARCC) - 2024 Q2 - Quarterly Report
2024-07-30 01:10
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 July 26, 2024 Common stock, $0.001 par value 630,386,591 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 June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...
Ares Capital(ARCC) - 2024 Q2 - Quarterly Results
2024-07-30 00:56
Exhibit 99.1 As of ARES CAPITAL CORPORATION ANNOUNCES JUNE 30, 2024 FINANCIAL RESULTS AND DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS New York, NY — July 30, 2024 — Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a third quarter 2024 dividend of $0.48 per share. The third quarter 2024 dividend is payable on September 30, 2024 to stockholders of record as of September 13, 2024. JUNE 30, 2024 FINANCIAL RESULTS Ares C ...
Ares Capital (ARCC) to Report Q2 Earnings: What's in Store?
ZACKS· 2024-07-29 17:16
Core Viewpoint - Ares Capital Corporation (ARCC) is expected to report second-quarter 2024 results on July 30, with revenues anticipated to improve year-over-year, while earnings are likely to remain unchanged [1] Earnings & Sales Projections for Q2 - The Zacks Consensus Estimate for ARCC's second-quarter earnings is 58 cents, indicating no change from the prior-year quarter [2] - The consensus estimate for sales is $714.3 million, suggesting a 12.7% rise year-over-year [2] Other Key Estimates for Q2 - The Zacks Consensus Estimate for interest income from investments is $524 million, reflecting a 10.1% increase from the prior-year quarter [3] - The consensus estimate for dividend income is $140 million, indicating a year-over-year growth of 13.8% [3] - The estimate for capital structuring service fees is $33 million, suggesting a 57.1% year-over-year rise [3] - The consensus estimate for other income is $14 million, implying no growth from the prior-year quarter [3] Expense Projections - Ares Capital has been experiencing higher expenses, with total expenses estimated at $378.7 million, indicating a year-over-year rise of 20.6% [4] Earnings Whispers - Ares Capital has an Earnings ESP of 0.00% and currently holds a Zacks Rank 3, indicating uncertainty in beating the Zacks Consensus Estimate for earnings [5]
3 Ultra-High-Yield Dividend Stocks I'm Buying for Decades of Passive Income
The Motley Fool· 2024-07-29 09:45
Core Viewpoint - The article highlights three ultra-high-yield dividend stocks that are considered reliable sources of passive income for long-term investors. Group 1: Ares Capital - Ares Capital (ARCC) offers a dividend yield of over 9.2%, as it is required to return at least 90% of its income to shareholders to maintain tax exemptions [2] - The company has a strong track record of 15 years of steady to growing dividends and is expected to continue generating strong free cash flow [2] - Ares Capital has outperformed the S&P 500 since its public trading began in October 2004, with a cumulative total return over 65% higher than the index [3] Group 2: Enbridge - Enbridge (ENB) provides a dividend yield of nearly 7.4% and has increased its dividend for 29 consecutive years [4] - The company's distributable cash flow payout ratio is between 60% and 70%, with 98% of cash flow generated from reliable contracted assets [4] - Enbridge has multiple growth drivers, including pipeline expansions and revenue escalators, which support its ability to maintain and grow dividends [4] Group 3: Verizon Communications - Verizon Communications (VZ) has a dividend yield over 6.6% and has increased its dividend for 17 consecutive years [5] - The company generated $8.5 billion in free cash flow in the first half of 2024, an increase from $8 billion in the same period of 2023, indicating strong cash flow generation [5] - Verizon's management emphasizes the importance of dividends and aims to manage its payout ratio to support continued dividend growth [5]
Buy These 7-10% Yielding Cash Cows For Retirement Income
Seeking Alpha· 2024-07-28 12:05
benjaminalbiachInvesting in high-flying growth stocks can be like a game of musical chairs. Everything may seem fine when the music is playing and the stocks are going up, but you don’t want to be holding the bag when frothy valuations eventually come down, as appears the case with frothy stock valuations in Nvidia (NVDA) and Apple (AAPL) stock over the past week. Perhaps that’s why a market rotation of sorts is happening right now, with the iShares Select Dividend ETF (DVY) outperforming the S&P 500 (S ...
Ares Capital (ARCC) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-07-25 22:55
The most recent trading session ended with Ares Capital (ARCC) standing at $20.77, reflecting a +0.05% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.Heading into today, shares of the private equity firm had gained 0.92% over the past month, outpacing the Finance sector's loss of 3.52% and the S&P 500's loss of 0.26% in that time.The investment community will be paying close ...
Here is What to Know Beyond Why Ares Capital Corporation (ARCC) is a Trending Stock
ZACKS· 2024-07-23 14:00
Ares Capital (ARCC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this private equity firm have returned +1.5%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Financial - SBIC & Commercial Industry industry, which Ares Capital falls in, has gained 1.3%. The key question now is: What could be the ...
Bull Market Buys: 2 Tantalizing Ultra-High-Yield Dividend Stocks to Buy Hand Over Fist Right Now
The Motley Fool· 2024-07-22 08:07
Business development companies can be great sources of passive income.One of the best ways to bolster your portfolio is to supplement growth opportunities with dividend stocks.While there are many dividend stocks out there, some of my favorite opportunities are in business development companies (BDC).Let's analyze two unique players in the BDC space and look at how each has been a top-performing stock for investors.1. Hercules Technology Growth Capital: 9.1% dividend yieldHercules Technology Growth Capital ...
Ares Capital (ARCC) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-07-18 23:06
Ares Capital (ARCC) closed the latest trading day at $20.85, indicating a -1.04% change from the previous session's end. This change lagged the S&P 500's 0.78% loss on the day. Elsewhere, the Dow saw a downswing of 1.29%, while the tech-heavy Nasdaq depreciated by 0.7%.The private equity firm's shares have seen an increase of 2.33% over the last month, surpassing the Finance sector's loss of 0.59% and the S&P 500's gain of 2.14%.The investment community will be closely monitoring the performance of Ares Cap ...
Is Trending Stock Ares Capital Corporation (ARCC) a Buy Now?
ZACKS· 2024-07-12 14:00
Ares Capital (ARCC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this private equity firm have returned -0.2% over the past month versus the Zacks S&P 500 composite's +4.3% change. The Zacks Financial - SBIC & Commercial Industry industry, to which Ares Capital belongs, has gained 0.3% over this period. Now the key question is: Where could the stock be headed in the near t ...