Ares Capital Yield Near 10% as Non-Accrual Loans Rise
Ares Capital’s core earnings of $0.94 per share for the first half of the year fell from $1.00 a year ago, while the yield neared 10%. The company also reported four new non-accrual loans from different, unrelated industries. Net realized gains of $0.15 per share over 12 months and 17 years of dividend stability provide support, but the non-accrual trend could put the dividend at risk.