Is Ares Capital Stock Worth Buying to Earn 8.25% Dividend Yield?

Ares Capital Corporation (ARCC) , a business development company or BDC boasting an impressive dividend yield of 8.25%, is drawing the attention of income investors. Being a BDC and maintaining its regulated investment company (RIC) status, the company has to distribute roughly 90% of its taxable income as dividends.Over the last few years, ARCC has consistently paid 48 cents per share as a quarterly dividend. It had last announced a dividend hike of 11.6% in October 2022. Over the past five years, the comp ...