Is It Too Late To Invest In Ares Capital?
With high yield in vogue these days, Ares Capital (ARCC) is worth a look even after a big gain this year. Back in August at the time of the Q2 earnings release, the company announced an increased dividend to $0.38 plus a bonus dividend of $0.05. Counting only the normal dividend, the stock currently yields 8.7%. The company is a business development company (BDC) that operates as a leading specialty finance company that provides one-stop financing solutions to U.S. middle market companies and private equity sponsors. The company originates and invests in senior secured loans, mezzanine debt and, to a lesser extent, equity investments through its national direct origination platform. Ares Capital competes against companies like American Capital, Ltd (ACAS) , KKR Financial Holdings LLC (KFN) , and Main Street Capital Corp. (MAIN) . All of these stocks have had huge gains in the last year, yet all but American Capital provide still compelling dividends. Read the full article at Seekin...