TriplePoint Venture Growth: Increased Probability Of A Dividend Cut (Downgrade) [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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arescapitalcorp-ir.com
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Source: Seeking Alpha
The dividend coverage rate is less comfortable, and the total fair value and number of portfolio companies have significantly decreased. Despite a high dividend yield, TPVG has underperformed its BDC peers in total return, leading to a downgrade in rating to a Sell. Overview Back in December of last year, I published an article titled: ' . My prior thesis was that the dividend remained covered so I planned to hold on to my shares and continue collecting until the next earnings date. The prior Net Investment Income [NII] reported last quarter was $0.54 per share, which could comfortably cover the dividend distribution of $0.40 per share. Now that Q4 earnings have been reported, I see more of a threat to the sustainability and health of the overall quality of their portfolio. As a result, this may have an effect on the dividend so I am jumping ship here and allocating my funds elsewhere. We can see the deterioration of the price of TriplePoint Venture Growth ( NYSE: TPVG ) comp
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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