Ares Capital Faces Dividend Coverage Test Before Third-Quarter Results
Photo: TokenPost
Ares Capital’s dividend coverage will be a focus as the company prepares to release third-quarter results, after earnings failed to cover the payout in two recent quarters and non-accrual loans increased. Rising non-accrual loan levels and funding costs also remain concerns. Further credit deterioration could weigh on earnings and portfolio values. Ares Capital’s third-quarter report is scheduled for release before the U.S. market opens Tuesday, Oct. 27. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
