Current Yield
10.34%
TTM Dividend/Share
$1.92
Payment Frequency
Quarterly
Payout Ratio
117.8%
Consecutive Growth Years
0
Key takeaways
- Ares Capital (ARCC) currently yields 10.34%, paying $1.92 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 117.8% — the share of earnings distributed as dividends.
- 1 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 3.71%.
Dividend yield valuation for Ares Capital (ARCC)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Above average — potential buy zone |
Current yield (now) | 10.34% |
1-year average yield | 8.94%now 1.40 pp above |
3-year average yield | 8.86%now 1.48 pp above |
5-year average yield | 8.77%now 1.57 pp above |
ARCC: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Ares Capital (ARCC)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 14.1% |
FCF payout ratio | 32.1% |
Net debt / EBITDA | 7.5x |
Interest coverage | 2.54x |
ROIC (TTM) | 6.1% |
Dividend safety score for Ares Capital (ARCC)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
1 of 8 checks passed
Payout ratio below 75%
Payout ratio is 117.8%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-227M — FCF does not fully cover the payout.
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 (-32.2%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
87 payments from 2004 to 2026 · Adj. Dividend is split-adjusted
| 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 |
- Jun 15, 2026$0.4800
- Mar 13, 2026$0.4800
- Dec 15, 2025$0.4800
- Sep 15, 2025$0.4800
- Jun 13, 2025$0.4800
- Mar 14, 2025$0.4800
- Dec 13, 2024$0.4800
- Sep 13, 2024$0.4800
- Jun 14, 2024$0.4800
- Mar 14, 2024$0.4800
- Dec 14, 2023$0.4800
- Sep 14, 2023$0.4800
Historical dividend yield for Ares Capital (ARCC)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 8.94%5Y: 8.77%10Y: 9.07%
Dividend per share for Ares Capital (ARCC)
CAGR (per year)1Y: 0.00%5Y: 3.71%10Y: 2.03%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 2004 | $0.30 | 1 |
| 2005 | $1.30 | 4 |
| 2006 | $1.64 | 4 |
| 2007 | $1.66 | 4 |
| 2008 | $1.68 | 4 |
| 2009 | $1.47 | 4 |
| 2010 | $1.40 | 4 |
| 2011 | $1.41 | 4 |
| 2012 | $1.60 | 4 |
| 2013 | $1.57 | 4 |
| 2014 | $1.57 | 4 |
| 2015 | $1.57 | 4 |
| 2016 | $1.52 | 4 |
| 2017 | $1.52 | 4 |
| 2018 | $1.54 | 4 |
| 2019 | $1.68 | 4 |
| 2020 | $1.60 | 4 |
| 2021 | $1.62 | 4 |
| 2022 | $1.87 | 4 |
| 2023 | $1.92 | 4 |
| 2024 | $1.92 | 4 |
| 2025 | $1.92 | 4 |
| 2026 | $0.96 | 2 |
Dividend growth for Ares Capital (ARCC)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
The table shows 10 year-over-year increases across 21 calendar years of data (2005–2025).
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | — |
- 2026—
- 2025$1.9200
- 2024$1.9200
- 2023$1.9200
- 2022$1.8700
- 2021$1.6200
- 2020$1.6000
- 2019$1.6800
- 2018$1.5400
- 2017$1.5200
- 2016$1.5200
- 2015$1.5700
- 2014$1.5700
- 2013$1.5700
- 2012$1.6000
- 2011$1.4100
- 2010$1.4000
- 2009$1.4700
- 2008$1.6800
- 2007$1.6600
- 2006$1.6400
- 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.
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