Thursday, October 27, 2022

Dividend Increase - Ares Capital Corporation (ARCC)



Tuesday, October 25th the Board of Directors of Ares Capital Corporation (ARCC) announced a quarterly dividend increase of from $ 0.43 to $ 0.48 per share that’s payable December 29, 2022 to holders of record December 15, 2022. This represents an 11.63% increase over the last quarterly dividend.


With current price $ 19.51 (today's open), this raise brings their dividend yield to 9.84%.



Ares Capital's dividend has been almost unchanged over the last ten years, as the picture below shows.



Since I own 200 shares of ARCC, this will increase my portfolio's projected annual net dividend income by $ 29.80.


The increase was a big surprise to me, as ARCC just increased its dividend in July this year. I welcome this increase and hope that the company will continue to pay a stable dividend in the future.


This is the first dividend increase I received from Ares Capital since opening a position September 2022.


This increase raises my YOC to 9.73%.



Summary of 2022 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long ARCC


Thanks for stopping by!


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