Latest news with #ARCC
Yahoo
2 days ago
- Business
- Yahoo
This High-Yield Dividend Stock (8.3%) Has Analysts Saying ‘Strong Buy' — Should You?
If you're looking for a smart way to grow your wealth while earning passive income, investing in high-yield dividend stocks might be a strategy worth exploring. These stocks offer regular payouts as they often belong to companies with strong financials and reliable earnings. When a company can consistently pay dividends and maintain a healthy payout ratio, it's typically a sign of long-term stability and resilience. This can translate into dependable income and steady capital appreciation for investors. More News from Barchart Kraft Heinz Could Be Breaking Up. How Should You Play the High-Yield Dividend Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Among the reliable dividend stocks, Ares Capital (ARCC) stands out for its high yield and a solid history of dividend growth. With a dividend yield of about 8.3%, this specialty finance company offers an attractive income stream for those seeking to boost their portfolio's cash flow. Moreover, the stock has also earned a 'Strong Buy' consensus rating from analysts, signaling strong confidence in its future performance. Ares Capital Is a Dependable, High-Yield Stock Ares Capital is a business development company specializing in providing direct loans and private financing to middle-market companies across the U.S. This segment of the market is often underserved by large traditional banks, creating demand for Ares Capital's services and offering attractive opportunities for long-term growth and income. Ares Capital's diversified portfolio, strong underwriting practices, and disciplined risk management positions it well to consistently deliver solid core earnings to cover its payouts. For instance, Ares Capital's portfolio is highly diversified, with 566 portfolio companies and an average exposure of less than 0.2% per investment. This broad diversification helps reduce exposure to any single company or sector, enhancing portfolio resilience in the face of market volatility. The company also focuses on lending to less cyclical, service-oriented businesses with solid fundamentals, which helps it maintain stability even in uncertain economic environments. This approach continues to support both earnings and its impressive track record of dividend payouts. In its first quarter of 2025, Ares Capital reported core earnings of $0.50 per share. Notably, credit quality remained robust, with nonaccrual loans and higher-risk credits holding at historically low levels. The company also maintained strong investment momentum, making $3.5 billion in gross commitments during the quarter. The company's balance sheet remained solid and conservatively leveraged. This leaves significant capital to deploy into new opportunities. Its investment portfolio, which stood at $27.1 billion at fair value, grew modestly from the previous quarter and remains heavily weighted toward U.S.-based service businesses, which are generally less exposed to macroeconomic shocks such as rising tariffs. All of this supports the company's ability to generate and return consistent cash to shareholders. For the second quarter of 2025, Ares Capital announced a dividend of $0.48 per share, marking its 63rd consecutive quarter of stable or increasing payouts. Moreover, this specialty finance company has increased its dividend for 15 consecutive years. Ares Capital remains well-positioned to sustain and grow its dividend in the future. Its core earnings consistently exceed current payout levels, and there's optimism around potential realized gains in the portfolio, which could further boost distributable income. Should You Buy Ares Capital Stock? Ares Capital is a compelling investment for investors seeking both income and growth. With a robust 8.3% dividend yield, a diversified and resilient portfolio, and a 15-year track record of dividend growth, Ares Capital emerges as a dependable high-yield stock. Further, analysts' 'Strong Buy' consensus reflects confidence in Ares Capital's earnings strength and long-term outlook. Its solid risk management practices, low leverage profile, and focus on less-cyclical service sectors offer meaningful insulation against market volatility and economic uncertainty. Additionally, the company's continued ability to generate core earnings above its dividend obligations suggests potential for future dividend growth. While no investment is without risk, Ares Capital's strong fundamentals and shareholder-friendly policies make it an attractive high-yield dividend stock. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Yahoo
Amarillo police operation targeting reckless driving yields 2 arrests, 27 citations
The Amarillo Police Department conducted a traffic operation Thursday evening targeting racing and reckless driving at locations where there have been multiple accidents. APD said on July 10, members of the Traffic Investigation Squad, School Liaison Unit, Motorcycle Unit and the Amarillo Regional Crime Center (ARCC) conducted a racing/reckless driving operation at high accident locations, as well as Thompson and John Stiff city parks. Officers used marked patrol vehicles, unmarked units and assets of the ARCC to target these locations, according to police. The operation yielded 49 traffic contacts, 27 issued traffic citations, two arrests with six warrants served, as well as other proactive enforcement regarding criminal and/or gang activity. Amarillo police are planning more of these operations "to reduce the number of fatalities on our roadways," noting that so far this year, five incidents have had racing as a contributing factor to crashes. In addition, speed has been a contributing factor in seven of the 10 fatal crashes in 2025 the police department has investigated. From the archives: Amarillo police taking steps to increase safety on the streets, reduce racing This article originally appeared on Amarillo Globe-News: Amarillo police operation targets racing, reckless driving
Yahoo
11-07-2025
- Yahoo
Man critically injured in fall down stairs during arrest, Winnipeg police say
WARNING: This story includes reference to self-harm. Manitoba's police watchdog is investigating after Winnipeg police say a man handcuffed by officers for his own safety fell down stairs in a St. Boniface apartment block Thursday and was hospitalized in critical condition. Officers were called to an apartment on the 200 block of Bertrand Street, between Taché Avenue and Enfield Crescent, just before 7:30 p.m. Thursday with a report a suicidal man in his 60s was armed with an edged weapon, according to a news release from the Winnipeg Police Service. The man spoke to officers through the door but refused to come out, threatening to take his own life, police said. Winnipeg police crisis negotiation and tactical support teams — as well as mental health clinicians from the city's alternative response to citizens in crisis, or ARCC, team — were called to the apartment after police deemed the incident an armed and barricaded situation. The man came out of the suite after about two hours of communicating with police. He was handcuffed for his own safety, but broke free from officers and fell down a staircase as he was being led down, according to police. He was seriously injured in the fall and taken by ambulance to hospital, where he remained in critical condition as of early Friday afternoon, police said in their news release. The Independent Investigation Unit of Manitoba, the province's police watchdog agency, has been notified about the injury and has taken over the investigation into the incident, the news release said. If you or someone you know is struggling, here's where to look for help:
CBC
11-07-2025
- CBC
Man critically injured in fall down stairs during arrest, Winnipeg police say
Social Sharing WARNING: This story includes reference to self-harm. Manitoba's police watchdog is investigating after Winnipeg police say a man handcuffed by officers for his own safety fell down stairs in a St. Boniface apartment block Thursday and was hospitalized in critical condition. Officers were called to an apartment on the 200 block of Bertrand Street, between Taché Avenue and Enfield Crescent, just before 7:30 p.m. Thursday with a report a suicidal man in his 60s was armed with an edged weapon, according to a news release from the Winnipeg Police Service. The man spoke to officers through the door but refused to come out, threatening to take his own life, police said. Winnipeg police crisis negotiation and tactical support teams — as well as mental health clinicians from the city's alternative response to citizens in crisis, or ARCC, team — were called to the apartment after police deemed the incident an armed and barricaded situation. The man came out of the suite after about two hours of communicating with police. He was handcuffed for his own safety, but broke free from officers and fell down a staircase as he was being led down, according to police. He was seriously injured in the fall and taken by ambulance to hospital, where he remained in critical condition as of early Friday afternoon, police said in their news release. The Independent Investigation Unit of Manitoba, the province's police watchdog agency, has been notified about the injury and has taken over the investigation into the incident, the news release said.
TimesLIVE
11-06-2025
- General
- TimesLIVE
Family raised alarm on light aircraft crash which claimed three students
A light aircraft crash claimed the lives of three students after it departed Virginia Airport in Durban on Sunday afternoon. The aircraft was last tracked flying over Ladysmith before losing contact, which prompted a large-scale search and rescue operation. KwaZulu-Natal transport and human settlements MEC Siboniso Duma confirmed the Aeronautical Rescue Co-ordination Centre (ARCC) notified authorities that the student-piloted aircraft had gone missing shortly after 3pm. The aircraft was en route to Johannesburg and scheduled to refuel in Greytown after a change in flight plan from the original stop in Mnambithi. KwaZulu-Natal traffic anchor Ayanda Msweli said the alarm was first raised early on Monday morning by the family of student pilot Nqobile Biyela. 'The student pilot's mom, who was in Johannesburg, and another relative in Empangeni, contacted us at about 7am to report the aircraft missing. The student's aunt clarified that the mother would follow up as they were urgently seeking help to locate the [aircraft].' According to Duma, his department, in collaboration with the ARCC, mobilised to assist in the search, taking into account severe weather conditions as forecast by the SA Weather Service. The department also worked closely with the head of department Siboniso Mbhele, co-ordinating efforts with local transport forums in Umgungundlovu and Uthukela districts and activated community leaders to assist. The wreckage of the aircraft was discovered on Monday morning in the Midlands, confirming the deaths of the three occupants — student pilots Biyela, 23, and Lulama 'Lwazi' Msane, 23, and medical student Siphesihle Buthelezi, 20. Duma expressed his condolences, adding the crash happened in Youth Month. 'Our hearts go out to the families and friends of these promising young individuals. This is a tragic moment for all of us.' According to Msweli, the aircraft was one of a group of three flying from Durban to Johannesburg. 'Three aircraft left Durban for Johannesburg. The plan was to refuel in Mnambithi, but it was changed to Greytown.' The first aircraft encountered difficulty during its approach and crash-landed in a nearby field near Greytown Airport. 'That plane wasn't able to land properly and crashed in bushy terrain,' said Msweli. 'The two pilots on board were not injured.' The second aircraft landed safely, refuelled and continued its journey. The third plane, flown by Biyela, never made it to its destination. 'It crashed into a field filled with gumtrees. There were three people on board,' said Msweli. Duma said the crash is being investigated by SAPS and the South African Civil Aviation Authority (SACAA) and a report is expected from the SACAA accident and incident investigation division within 30 days. 'The report will serve as a source of comfort for the families. We are aware that postmortem examinations will be essential in identifying the causes, injuries and survival factors of this crash.' Eagle Air, the aviation school at which the students were training, said the loss was a blow for the aviation industry. 'As a close-knit aviation family, we feel this loss profoundly. This is a painful moment for all of us — one that hits close to home. We are heartbroken by this devastating loss and extend our deepest condolences to the families and friends of those who have passed.' In honour of the victims Eagle Air announced the temporary suspension of its flight operations. 'We will close our flight school for the coming week to provide space for mourning and reflection. This time will be dedicated to supporting the families, our staff, our students and the broader community who are grieving.'
