Ares Capital: Fees And Diversification Drive Strong Q2

tadamichi In this article, we discuss the latest quarterly results from the Business Development Company Ares Capital (NASDAQ:ARCC). We have covered previous releases regularly, the last here. We maintain a Hold rating on the name as the fundamentals and valuation have remained stable. ARCC trades at a 9.2% dividend yield and has a core earnings yield of 11.73%. Its price trades at a 6% premium to book, in line with the average in our coverage, though above the median. The company delivered a solid 2.9% ...