This company reported solid financial results for the quarter ending December. It raised its quarterly base dividend from $0.39/share to $0.40/share. The BDC also declared a total of $0.08/share in special dividends to be paid throughout 2019. The company outearned its dividend with NII. An investment in the stock has a forward dividend yield of 9.8 percent...
Ares Capital Corp. (ARCC) released a decent set of financials for the quarter ending December: The business development company outearned its dividend with net investment income and portfolio quality remained robust during the last quarter. Importantly, management handed shareholders another raise in the base dividend and guided for special dividends to be paid throughout 2019. Shares are still rather moderately valued, and offer investors a 9.8 percent forward dividend yield.
Source: Seeking Alpha
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