earnings
confidence high
sentiment positive
materiality 0.75
Ares Capital posts Q4 Core EPS $0.63, FY Core EPS $2.37; declares $0.48 dividend
ARES CAPITAL CORP
2023-FY EPS reported
$2.68
- GAAP net income per share Q4 $0.72 (vs $0.34 YoY); FY 2023 GAAP EPS $2.75 (vs $1.21).
- Core EPS Q4 $0.63 (flat YoY); FY Core EPS $2.37 vs $2.02, on higher net investment income.
- Net asset value per share $19.24, up from $18.40; debt/equity ratio improved to 1.07x from 1.29x.
- Declared Q1 2024 dividend of $0.48/share, payable March 29, record March 15 (unchanged regular rate).
- In Jan 2024 issued $1B 5.875% unsecured notes due 2029; stock repurchase program (up to $1B) extended to Feb 2025.