Ares Capital Just Extended Its Dividend Streak to 17 Years -- Here's What Its Latest Earnings Show
Ares Capital continues to provide investors with a durable stream of dividend income.
Overview
Ares Capital (NASDAQ: ARCC) just reported its second-quarter financial results and declared its latest dividend payment. The business development company (BDC) maintained its current quarterly rate of $0.48 per share. That officially extended its streak to 17 years of dividend stability and growth. It's one of the few BDCs that hasn't cut its dividend over that period.
Here's a look at what the BDC's earnings show about the safety of its more than 10%-yielding dividend.
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Originally published at www.fool.com.
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