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
Read the full article on Seeking Alpha
For further details see:
Ares Capital Q1: Perfect Set It And Forget It BDC For Income