ARCC - Ares Capital: The Only 10% Yielding BDC You Need
2024-02-12 08:39:42 ET
Summary
- Ares Capital Corporation is well-positioned to deliver stable net investment income in 2024, regardless of a potential recession.
- The business development company outearned its dividend with net investment income in the fourth quarter and saw growth in net asset value.
- Federal Reserve Chair Jerome Powell's cautious approach to rate cuts suggests a continued benefit for Ares Capital in a higher-for-longer rate environment.
Whether a recession is on the horizon or not, Ares Capital Corporation ( ARCC ) is in a good position to deliver stable net investment income in 2024....
Ares Capital: The Only 10% Yielding BDC You Need