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Ares Capital Corporation Declares Second Quarter 2014 Dividend Of $0.38 Per Share And Announces March 31, 2014 Financial Results

Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced that its Board of Directors has declared a second quarter dividend of $0.38 per share, payable on June 30, 2014 to stockholders of record as of June 16, 2014.

MARCH 31, 2014 FINANCIAL RESULTS

Ares Capital also announced financial results for its first quarter ended March 31, 2014.

HIGHLIGHTS

 
 

Financial

 
Q1-14 Q1-13
(in millions, except per share data) Total Amount Per Share(1) Total Amount Per Share(1)
Core EPS (2) $ 0.38 $ 0.38
Net investment income $ 112.3 $ 0.38 $ 99.1 $ 0.40
Net realized gains $ 12.1 $ 0.04 $ 11.7 $ 0.04
Net unrealized losses $ (7.4 ) $ (0.03 ) $ (30.4 ) $ (0.12 )
GAAP net income $ 117.0 $ 0.39 $ 80.4 $ 0.32
Dividends declared and payable $ 0.43 (3) $ 0.38
  As of March 31,   As of December 31,
(in millions, except per share data) 2014   2013 2013
Portfolio investments at fair value $ 7,799.6 $ 6,030.5 $ 7,632.9
Total assets $ 8,199.5 $ 6,353.1 $ 8,141.5
Stockholders equity $ 4,898.6 $ 3,978.6 $ 4,904.4
Net assets per share $ 16.42 $ 15.98 $ 16.46

(1) All per share amounts are basic and diluted.

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