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.
TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/13/ares-capital-co-arcc-declares-0-38-quarterly-dividend.html.
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.
Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.