NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a first quarter 2025 dividend of $0.48 per share. The first quarter 2025 dividend is payable on March 31, 2025 to stockholders of record as of March 14, 2025.
DECEMBER 31, 2024 FINANCIAL RESULTS
Ares Capital also announced financial results for its fourth quarter and year ended December 31, 2024.
OPERATING RESULTS |
||||||||||||||||||||||||||||||||
| (dollar amounts in millions, except per share data) | Total Amount | Per Share | Total Amount | Per Share | Total Amount | Per Share | ||||||||||||||||||||||||||
| GAAP net income per share(1)(2) | $ | 0.55 | $ | 0.72 | $ | 2.44 | $ | 2.75 | ||||||||||||||||||||||||
“With our fourth quarter’s results, we concluded another successful year for the company where stable credit performance and a record year of investing supported strong earnings and further growth in book value per share,” said Kipp deVeer, Chief Executive Officer of Ares Capital. “As we enter 2025, we believe we are well positioned for what we expect will be an increasingly active investing market for acquisition finance and growth capital opportunities.”
“Through year-end 2024, we have now paid over 15 consecutive years of stable or growing regular dividends while continuing to increase our book value for shareholders,” said Scott Lem, Chief Financial Officer of Ares Capital. “Our ability to deliver this attractive level of long-term performance is supported by the strength of our balance sheet, which we believe is a key point of differentiation for ARCC.”
Contacts
INVESTOR RELATIONS CONTACTS
Ares Capital Corporation
John Stilmar or Carl Drake
(888) 818-5298
irarcc@aresmgmt.com