2024-05-03 04:38:08 ET
Summary
- Ares Capital Corporation reported strong quarterly earnings, comfortably covering its dividend and seeing an increase in net asset value.
- The company completed a significant number of new originations in the first quarter and maintained a low non-accrual ratio.
- ARCC remains a top income investment with a sensible valuation and solid dividend coverage.
Ares Capital ( ARCC ) has earned a reputation for being one of the most stable and well-managed business development companies in the sector....
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Ares Capital: A 9.2% Yielding BDC Cash Cow