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Add as a preferred source on GoogleAres Capital Faces Dividend Coverage Test Before Third-Quarter Results
Earnings did not cover the dividend in two recent quarters. Rising non-accrual loan levels and funding costs add to the focus on the company’s report.
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
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.