Ares Capital yields over 10% with $0.48 dividend
Ares Capital pays a $0.48-per-share quarterly dividend, yielding over 10% at its recent $19 stock price.
The company’s dividend yield is about 10 times the S&P 500’s yield of around 1%.
Investors must be shareholders before the market closes on June 15 to receive the second-quarter dividend payment on June 30.
Ares has paid a stable-to-growing dividend for 67 consecutive quarters, with the current rate remaining sustainable.