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Is Ares Capital Corp a Buy After Its Latest Earnings Report?

Ares Capital's latest earnings highlighted some concerns about its ability to cover its high-yielding dividend.

  • Ares Capital's Q3 earnings per share fell to $0.46, below its $0.48 dividend.
  • CFO Scott Lem says $1.37/share taxable income can sustain dividend.
  • $2.6B acquisition of MFIC expected to boost future dividends and EPS.

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