TriplePoint Venture Growth: 17% Yield Now A Red Flag [Seeking Alpha]
Ares Capital Corporation - Closed End Fund (ARCC)
Last ares capital corporation - closed end fund earnings: 2/12 06:22 am
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Source: Seeking Alpha
The company's high non-accrual ratio and underwhelming investment performance raise concerns about the sustainability of its dividend. TPVG stock price has dropped and is now selling at net asset value, but caution is warranted due to the risk of a dividend cut. The 4Q-23 results of TriplePoint Venture Growth ( NYSE: TPVG were not well received by passive income investors as the business development company reported a larger-than-anticipated net asset value decline and a rather significant increase in its payout ratio. The latter particularly raises question about TriplePoint Venture Growth's dividend sustainability in 2024. I think that the BDC could potentially adjust its payout in the next couple of quarters and the dividend yield ballooning to 17% indicates that passive income investors are cognizant of this risk. Consequently, I think that caution is warranted and I am modifying my stock classification for TriplePoint Venture Growth to Hold. My Rating History In Nove
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News
- Ares Capital: High Quality But Awaiting Better Entry (Downgrade) [Seeking Alpha]Seeking Alpha
- Wall Street's Insights Into Key Metrics Ahead of Ares Capital (ARCC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- How I Would Invest $100k In Today's Market To Collect A Safe Near 9% Yield [Seeking Alpha]Seeking Alpha
- Ares Capital (ARCC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- Ares Capital (ARCC) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
ARCC
Earnings
- 2/7/24 - Beat
ARCC
Sec Filings
- 4/17/24 - Form 8-K
- 4/3/24 - Form 8-K
- 3/22/24 - Form 10-K/A
- ARCC's page on the SEC website