Is Ares Capital Corporation Stock a Buy Now?

Ares still pays a hefty forward yield of 8.8%, which is nearly double the 10-Year Treasury's 4.5% yield. So should you buy it as a stable dividend play in this unstable macro environment? This high-yield BDC still looks like a reliable investment. Ares Capital (ARCC 0.41%), the world's largest business development company (BDC), has been a dependable income investment for long-term investors. If you had invested $10,000 in its IPO on Oct. 5, 2004 and continuously reinvested your dividends, your investment w ...