News about ARCC

Ares Capital (ARCC), the largest publicly traded business development company, trades at about $18.50 per share, a 4.3% discount to its book value of $19.35 per share as of June 30, 2026. The article notes its net asset value fell about 3.25% over six months from nearly $20 per share at the end of 2025. Core earnings were $0.47 per share in both Q1 and Q2 2026, while dividends totaled $0.48 per share, and analysts expect the 2026 payout ratio to stay around 100%. The author suggests waiting for Q3 results on Oct. 27 and watching whether realized losses dominate NAV declines and whether the nonaccrual rate, up from 2% to 2.4%, rises significantly, which Fitch Ratings considers manageable.