Ares Capital: A Strong Q3 With Income Peak Likely Behind Us
Portfolio Pulse from
Ares Capital reported a strong Q3 with a 3.3% total NAV return and a record NAV of $19.77. The company offers a 9.2% dividend yield and an 11.1% core earnings yield. Its portfolio is diversified across 535 companies, focusing on larger firms, and it recently acquired Riverside Credit Solutions.
November 12, 2024 | 10:45 am
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Ares Capital reported a strong Q3 with a 3.3% total NAV return and a record NAV of $19.77. The company offers a 9.2% dividend yield and an 11.1% core earnings yield. Its portfolio is diversified across 535 companies, focusing on larger firms, and it recently acquired Riverside Credit Solutions.
Ares Capital's strong Q3 performance, record NAV, and high dividend yield are positive indicators for investors. The acquisition of Riverside Credit Solutions suggests strategic growth and diversification, likely boosting investor confidence and short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100