Ares Capital (NASDAQ: ARCC) currently pays a $0.48-per-share quarterly dividend. At its recent stock price of around $19, the business development company (BDC) yields more than 10%. That's about 10 times the S&P 500's yield, which currently sits around 1%.
Investors are running out of time to lock in the financial stock's currently sky-high yield. Here's why you might want to act fast.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Ares Capital announced its second-quarter dividend payment at the end of April when it reported its first-quarter financial results. The BDC will pay that dividend on June 30th. However, an investor would need to be a shareholder before the market closes on June 15. An investor who buys after that date wouldn't receive their first dividend until the third-quarter payment, which Ares has historically paid on the last day of September.
Waiting to buy also risks locking in a lower yield. The REIT's share price has fallen about 8% this year, pushing its yield to around its highest level in the last five years:
Investors are running out of time to lock in the financial stock's currently sky-high yield. Here's why you might want to act fast.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Ares Capital announced its second-quarter dividend payment at the end of April when it reported its first-quarter financial results. The BDC will pay that dividend on June 30th. However, an investor would need to be a shareholder before the market closes on June 15. An investor who buys after that date wouldn't receive their first dividend until the third-quarter payment, which Ares has historically paid on the last day of September.
Waiting to buy also risks locking in a lower yield. The REIT's share price has fallen about 8% this year, pushing its yield to around its highest level in the last five years:
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