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1 article

U.S. Equities2h ago

Ares Capital's $2.6B MidCap Deal Shores Up 10.2% Dividend After Earnings Miss

Ares Capital reported Q3 core earnings of $0.46 per share, below its $0.48 dividend, but a $2.6 billion MidCap acquisition and $1.37 per share in tax-deferred income provide cushion for the 10.2 percent yield.