Welcome to our dedicated page for Ares Capital news (Ticker: ARCC), a resource for investors and traders seeking the latest updates and insights on Ares Capital stock.
Ares Capital Corporation (ARCC) provides investors and financial professionals with comprehensive updates on its middle-market financing activities. This centralized resource aggregates official announcements, strategic developments, and operational milestones from the leading business development company.
Access timely information about ARCC's senior secured lending practices, mezzanine debt investments, and portfolio management strategies. The curated collection includes earnings reports, regulatory disclosures, partnership announcements, and leadership updates – all essential for understanding the company's position in specialty finance markets.
Our news archive serves as a strategic tool for monitoring ARCC's risk management approaches, dividend declarations, and capital allocation decisions. Bookmark this page for direct access to primary source materials that inform investment analysis and market research.
Ares Capital (NASDAQ: ARCC) announced financial results for Q2 2024 and declared a Q3 2024 dividend of $0.48 per share. Key highlights include:
- GAAP net income of $0.52 per share
- Core EPS of $0.61, up from $0.58 in Q2 2023
- Net investment income of $358 million ($0.58 per share)
- Portfolio investments at fair value increased to $24.97 billion
- Made new investment commitments of $3.9 billion
- Maintained a stable debt-to-equity ratio of 1.06x
The company reported strong year-over-year growth in Core EPS and net asset value per share, driven by increased investment activity and solid credit fundamentals.
Ares Capital (NASDAQ: ARCC) will release its earnings report for the second quarter ending June 30, 2024, on July 30, 2024, before the Nasdaq Global Select Market opens.
There will be a webcast and conference call at 10:00 a.m. Eastern Time that day to discuss the financial results. Interested parties can join via a live webcast on the Investor Resources section of Ares Capital's website or by calling the provided toll-free and international numbers. An archived replay will be available one hour post-call through August 30, 2024.
Ares Capital (ARCC) will host an Investor Day on May 21, 2024, via a live video stream where the senior leadership team will provide business updates and outlook. The event will commence at 1:15 p.m. ET. Interested individuals can register on the company's website to access the presentation and stream, with a replay available afterward.
Ares Capital (ARCC) has priced a public offering of $850 million 5.950% unsecured notes due 2029. The notes mature on July 15, 2029, with options for redemption. Various institutions are involved in managing the offering. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in portfolio companies.
Ares Capital announced its Q1 2024 financial results with a dividend of $0.48 per share for Q2 2024. The company reported a strong start to the year with increased earnings, low non-accruals, and moderate leverage. Ares Capital made $3.6 billion in new investment commitments in Q1 2024 and continues to support growth in existing portfolio companies. The company remains well-positioned with available capital and competitive advantages.
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