MAIN - Ares Capital Q1: Perfect Set It And Forget It BDC For Income

2024-05-06 07:00:00 ET

Summary

• Ares Capital has proven its quality and stability by navigating the rough seas of higher interest rates, delivering steady results.
• The company reported solid earnings in the first quarter, with net investment income growing and a strong balance sheet.
• Ares Capital has a conservative approach to dividends, preferring to retain income to make accretive investments to grow its portfolio.
• ARCC also maintains a lower leverage, declining from 1.07x to 0.99x quarter-over-quarter. This is below the sector average of 1.19x.
• ARCC's portfolio companies saw double-digit organic EBITDA growth over the past 12 months.

Introduction

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