Ares Capital (ARCC) Dividend History & Yield
Ares Capital (ARCC) has increased its dividend for multiple years and currently yields 10.27%. The most recent dividend was $0.4800/share on Mar 31, 2026, paid Quarterly.
ARCC
Current Yield
10.27%
TTM Dividend/Share
$1.92
Payment Frequency
Quarterly
Payout Ratio
117.8%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
0.00%
Div Growth (5Y CAGR)
3.71%
Div Growth (10Y CAGR)
2.03%
ARCC: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
14.0%
FCF payout ratio
32.1%
Net debt / EBITDA
7.5x
Interest coverage
2.54x
ROIC (TTM)
6.1%
Dividend Safety Score
1 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 117.8%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($1.63) does not fully cover dividend/share ($1.92).
No dividend cuts in 10+ years
2 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 32.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 7.5x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (3.7%) exceeds EPS growth (-36.2%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 15, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Mar 13, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Dec 15, 2025
- Payment date
- Dec 30, 2025
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Sep 15, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Jun 13, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Mar 14, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Dec 13, 2024
- Payment date
- Dec 30, 2024
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Sep 13, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Jun 14, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Mar 14, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Dec 14, 2023
- Payment date
- Dec 28, 2023
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Sep 14, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 15, 2026 | Jun 30, 2026 | $0.4800 | $0.4800 |
| Mar 13, 2026 | Mar 31, 2026 | $0.4800 | $0.4800 |
| Dec 15, 2025 | Dec 30, 2025 | $0.4800 | $0.4800 |
| Sep 15, 2025 | Sep 30, 2025 | $0.4800 | $0.4800 |
| Jun 13, 2025 | Jun 30, 2025 | $0.4800 | $0.4800 |
| Mar 14, 2025 | Mar 31, 2025 | $0.4800 | $0.4800 |
| Dec 13, 2024 | Dec 30, 2024 | $0.4800 | $0.4800 |
| Sep 13, 2024 | Sep 30, 2024 | $0.4800 | $0.4800 |
| Jun 14, 2024 | Jun 28, 2024 | $0.4800 | $0.4800 |
| Mar 14, 2024 | Mar 29, 2024 | $0.4800 | $0.4800 |
| Dec 14, 2023 | Dec 28, 2023 | $0.4800 | $0.4800 |
| Sep 14, 2023 | Sep 29, 2023 | $0.4800 | $0.4800 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 10 year-over-year increases across 21 calendar years of data (2005–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.9200 | — | — |
| 2025 | $1.9200 | $1.9200 | 0.0% |
| 2024 | $1.9200 | $1.9200 | 0.0% |
| 2023 | $1.8700 | $1.9200 | +2.7% |
| 2022 | $1.6200 | $1.8700 | +15.4% |
| 2021 | $1.6000 | $1.6200 | +1.2% |
| 2020 | $1.6800 | $1.6000 | -4.8% |
| 2019 | $1.5400 | $1.6800 | +9.1% |
| 2018 | $1.5200 | $1.5400 | +1.3% |
| 2017 | $1.5200 | $1.5200 | 0.0% |
| 2016 | $1.5700 | $1.5200 | -3.2% |
| 2015 | $1.5700 | $1.5700 | 0.0% |
| 2014 | $1.5700 | $1.5700 | -0.0% |
| 2013 | $1.6000 | $1.5700 | -1.9% |
| 2012 | $1.4100 | $1.6000 | +13.5% |
| 2011 | $1.4000 | $1.4100 | +0.7% |
| 2010 | $1.4700 | $1.4000 | -4.8% |
| 2009 | $1.6800 | $1.4700 | -12.5% |
| 2008 | $1.6600 | $1.6800 | +1.2% |
| 2007 | $1.6400 | $1.6600 | +1.2% |
| 2006 | $1.3000 | $1.6400 | +26.2% |
| 2005 | — | $1.3000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Ares Capital (ARCC) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.30B
YoY change
+11.0%
5Y CAGR
+13.2%
Peak year (2025)
$1.26B
Latest annual
$1.26B
Cash dividends paid over time for Ares Capital (ARCC)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Ares Capital (ARCC)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.26B | +11.0% | +$125.00M | ||
| 2024 | $1.14B | +10.5% | +$108.00M | ||
| 2023 | $1.03B | +13.0% | +$119.00M | ||
| 2022 | $912.00M | +31.4% | +$218.00M | ||
| 2021 | $694.00M | +2.2% | +$15.00M | ||
| 2020 | $679.00M | -2.2% | -$15.00M | ||
| 2019 | $694.00M | +5.8% | +$38.00M | ||
| 2018 | $656.00M | +2.2% | +$14.00M | ||
| 2017 | $642.00M | +34.6% | +$165.00M | ||
| 2016 | $477.00M | -2.1% | -$10.00M | ||
| 2015 | $487.00M | +5.0% | +$23.00M | ||
| 2014 | $464.00M | +12.8% | +$52.55M | ||
| 2013 | $411.45M | +15.1% | +$54.12M | ||
| 2012 | $357.33M | +28.9% | +$80.18M | ||
| 2011 | $277.15M | +20.6% | +$47.38M | ||
| 2010 | $229.76M | +21.2% | +$40.19M | ||
| 2009 | $189.57M | +73.6% | +$80.36M | ||
| 2008 | $109.21M | +9.3% | +$9.33M | ||
| 2007 | $99.88M | +34.0% | +$25.37M | ||
| 2006 | $74.52M | +330.6% | +$57.21M | ||
| 2005 | $17.30M | — | +$17.30M | ||
| 2004 | $0 | — | — |
As of the 2025 fiscal year, Ares Capital (ARCC) reported dividends paid of $1.26B – grew 11.0% year-over-year.
Through 2020–2025 (5 years), Ares Capital dividends paid delivered a +13.2% annualised rate; sustaining 5 straight years of year-over-year growth.
$1.26B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 2004.
Ares Capital (ARCC) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of $5.36B.
Ares Capital Dividends Paid 2025: $1.26B
Ares Capital dividends paid in 2025 was $1.26B, grew 11.0% from 2024. This figure represents the highest annual value in the available history.
Ares Capital Dividends Paid 2024: $1.14B
Ares Capital dividends paid in 2024 was $1.14B, grew 10.5% from 2023.
Ares Capital Dividends Paid 2023: $1.03B
Ares Capital dividends paid in 2023 was $1.03B, grew 13.0% from 2022.
Ares Capital Dividends Paid 2022: $912.00M
Ares Capital dividends paid in 2022 was $912.00M, surged 31.4% from 2021.
Ares Capital Dividends Paid 2021: $694.00M
Ares Capital dividends paid in 2021 was $694.00M.
See more financial history for Ares Capital (ARCC).
Sector peers by dividends paid
Companies in the same sector as Ares Capital, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Ares Capital pay dividends?
Yes, Ares Capital (ARCC) pays quarterly dividends of approximately $1.92 per share annually, yielding 10.27%.
What is Ares Capital's dividend yield?
Ares Capital (ARCC) has a current dividend yield of 10.27%.
Is Ares Capital's dividend safe?
Ares Capital (ARCC) passes 1 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Ares Capital increased its dividend?
Ares Capital (ARCC) has 0 consecutive years of dividend increases.
What is Ares Capital's dividend payout ratio?
Ares Capital (ARCC) has a dividend payout ratio of 117.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Ares Capital's dividends paid?
Latest reported dividends paid for Ares Capital (ARCC) is $1.30B (period ending March 31, 2026).
How has Ares Capital dividends paid changed year-over-year?
Ares Capital (ARCC) dividends paid changed +11.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Ares Capital dividends paid?
Ares Capital (ARCC) dividends paid compound annual growth rate is +13.2% over the most recent 5 years available.
When did Ares Capital dividends paid hit its highest annual value?
Ares Capital dividends paid reached its highest annual value of $1.26B in 2025.
What was Ares Capital dividends paid in 2024?
Ares Capital (ARCC) dividends paid in 2024 was $1.14B.
What was Ares Capital dividends paid in 2025?
Ares Capital (ARCC) dividends paid in 2025 was $1.26B.
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