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 Corporation (NASDAQ: ARCC) announced a second quarter 2023 dividend of $0.48 per share, payable on June 30, 2023. The company reported strong Q1 2023 financial results, with core EPS of $0.57, up over 35% year-over-year. GAAP net income per share was $0.52 compared to $0.44 in Q1 2022. As of March 31, 2023, total assets were $21.8 billion with a net debt to equity ratio of 1.12x. Ares Capital made new investment commitments of $766 million while exiting $1.9 billion of commitments, primarily in floating rate securities. The firm emphasized its strong balance sheet and liquidity, with $359 million in cash and $4.4 billion available for additional borrowings. A stock repurchase program has been authorized to buy back up to $1 billion of its common stock.
Ares Capital Corporation (NASDAQ: ARCC) will report its first quarter earnings for the period ending March 31, 2023, on April 25, 2023, before the Nasdaq market opens. A conference call will occur at 11:00 a.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast available on Ares Capital's Investor Resources section. The company, founded in 2004, focuses on direct loans and investments in private middle market companies in the U.S. It is the largest publicly traded business development company (BDC) by market capitalization as of March 31, 2023.
Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel will present at the 2023 RBC Capital Markets Global Financial Institutions Conference on March 8, 2023, at 2:40 PM ET. Investors can access a live audio webcast of the presentation on the company's website, with a replay available shortly after. Ares Capital, established in 2004, focuses on providing loans and investments to private middle-market companies in the U.S., aiming to generate attractive income and capital appreciation for investors. It is the largest publicly traded business development company (BDC) by market capitalization as of December 31, 2022.
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