Ares Capital Declares Additional Dividend Following Q3 Report

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Business development company Ares Capital (Nasdaq: ARCC  ) declared an additional dividend on the back of generally improved Q3 results it announced today. The company's bottom line came in at $137 million ($0.59 per share), which is more than triple Q3 2011's result. However, the latter period was negatively affected by more than $100 million in unrealized losses.

Although net investment income was down over that one-year period (by nearly $9 million to $89 million), Ares' total investment income rose by more than $13 million to reach $191 million.

Meanwhile, portfolio investments (measured by fair value) as of the end of the quarter saw a significant year-over-year rise of nearly 25% to $5.9 billion.

The company kept its regular quarterly dividend steady, at $0.38 per share, but tacked on an additional payout of $0.05. Both are payable on Dec. 28 of this year to shareholders of record as of Dec. 14.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2096501, ~/Articles/ArticleHandler.aspx, 10/23/2016 4:38:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
ARCC $15.34 Up +0.04 +0.26%
Ares Capital CAPS Rating: ****