Ares Capital Co. (ARCC) Declares $0.38 Quarterly Dividend

Ares Capital Co. (NASDAQ:ARCC) announced a quarterly dividend on Tuesday, February 13th, RTT News reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.38 per share by the investment management company on Friday, March 30th. This represents a $1.52 dividend on an annualized basis and a yield of 9.76%.

Ares Capital (NASDAQ:ARCC) traded up $0.12 during trading on Tuesday, hitting $15.58. 2,582,000 shares of the stock traded hands, compared to its average volume of 2,072,186. The company has a market capitalization of $6,640.00, a PE ratio of 12.67, a P/E/G ratio of 3.29 and a beta of 0.62. Ares Capital has a 52-week low of $15.03 and a 52-week high of $17.87. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66.

Several research firms have recently weighed in on ARCC. Wedbush began coverage on shares of Ares Capital in a report on Monday, November 27th. They issued an “outperform” rating and a $18.00 price target on the stock. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Monday, November 6th. National Securities reaffirmed a “buy” rating and issued a $19.00 price target on shares of Ares Capital in a report on Friday, November 3rd. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Finally, Compass Point began coverage on shares of Ares Capital in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.00.

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Ares Capital Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

Dividend History for Ares Capital (NASDAQ:ARCC)

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