ARCC Ex-Dividend Date, Know its Dividend Date, Record Date, and More
Arcc's Ex-Dividend Date is June 13th, 2024 according to the firm’s investor portal details, but it is June 14th as per NASDAQ’s dividend details. This mismatch might be due to an update error. The dividend amount is 0.48$ which will be paid on 28th June.
by Damodharan N
Updated Jun 10, 2024
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ARCC
Ares Capital Corporation was founded in 2004 with the aim to provide direct loans to middle-cap market companies in the US. with its better management of the portfolios and the high-quality loan borrowers, it hopes to achieve better growth and employment along with capital appreciation.
The Ares Capital Corporation is the largest business development company with an annual shareholder return of 13% since its IPO launch and a total of 22.9 Billion $ is invested and a portfolio of 505 companies.
These numbers are for December 31, 2023 date no older than that. The company on May 21st, 2024 held its investor host meeting via video conference for its investors with senior management giving the details about the business and the firm’s outlook.
ARCC Ex-Dividend Date
Ares Capital Corporation (ARCC) announced its Ex-Dividend Date as June 13th, 2024 as ex-dividend dates are one business day before the record date. but there is an update error on the NASDAQ’s dividend details which states June 14th, 2024 as the Ex-Dividend Date which is set as a record date.
This has led to confusion among the general public and investors alike. The company’s investor information tab on its website states June 13th, 2024 as the ex-dividend date. We don't know why this mismatch happened between these two maybe a glitch or human error.
Hope, it gets rectified soon. The current dividend was a quarterly dividend and was declared on the 1st of May 2024. The payment date is 28th June and the amount is 0.48$.
ARCC Dividend Date
ARCC Dividend Date is 28th June which is the actual payment date for this quarter. The Record date for this is June 14th. This is the second such dividend announced for the year 2024.
Earlier the dividend was announced on the 7th of February with a record date of 15th March and an ex-dividend of 14th March and the amount for that is 0.48$. Till now the dividend amount for 2024 paid is 0.96$ including the current one which was announced on May 1st, 2024
For this year dividend details
|
Ex-Dividend Date |
Record Date |
Pay Date |
Amount |
Frequency |
|
14th March 2024 |
15th March 2024 |
29th March 2024 |
$0.48 |
Quarterly |
|
13th June* 2024 |
14th June 2024 |
28th June 2024 |
$0.48 |
Quarterly |
|
Dividends Paid in 2024 till Now |
$0.96 |
|||
Note: * as per ARCC Investor information dividend detail which is different from NASDAQ’s Ex-Dividend Date
ARCC Dividend History
As we have just seen dividend details for 2024 we will see how the company has fared well in the past three years of 2021, 2022, and 2023.
2023 Dividends
|
Ex-Dividend Date |
Record Date |
Pay Date |
Amount |
Frequency |
|
March 14, 2023 |
March 15, 2023 |
March 31, 2023 |
$0.48 |
Quarterly |
|
June 14, 2023 |
June 15, 2023 |
June 30, 2023 |
$0.48 |
Quarterly |
|
September 14, 2023 |
September 15, 2023 |
September 29, 2023 |
$0.48 |
Quarterly |
|
December 14, 2023 |
December 15, 2023 |
December 28, 2023 |
$0.48 |
Quarterly |
|
Total paid in 2023 |
$1.92 |
|||
2022 Dividends
|
Ex-Dividend Date |
Record Date |
Pay Date |
Amount |
Frequency |
|
March 14, 2022 |
March 15, 2022 |
March 31, 2022 |
$0.03 |
Other |
|
March 14, 2022 |
March 15, 2022 |
March 31, 2022 |
$0.42 |
Quarterly |
|
June 14, 2022 |
June 15, 2022 |
June 30, 2022 |
$0.03 |
Other |
|
June 14, 2022 |
June 15, 2022 |
June 30, 2022 |
$0.42 |
Quarterly |
|
September 14, 2022 |
September 15, 2022 |
September 30, 2022 |
$0.03 |
Other |
|
September 14, 2022 |
September 15, 2022 |
September 30, 2022 |
$0.43 |
Quarterly |
|
December 14, 2022 |
December 15, 2022 |
December 29, 2022 |
$0.03 |
Other |
|
December 14, 2022 |
December 15, 2022 |
December 29, 2022 |
$0.48 |
Quarterly |
|
Total amount paid in 2022 |
$1.87 |
|||
2021 Dividends
|
Ex-Dividend Date |
Record Date |
Pay Date |
Amount |
Frequency |
|
March 12, 2021 |
March 15, 2021 |
March 31, 2021 |
$0.40 |
Quarterly |
|
June 14, 2021 |
June 15, 2021 |
June 30, 2021 |
$0.40 |
Quarterly |
|
September 14, 2021 |
September 15, 2021 |
September 30, 2021 |
$0.41 |
Quarterly |
|
December 14, 2021 |
December 15, 2021 |
December 30, 2021 |
$0.41 |
Quarterly |
|
Total Amount paid in 2021 |
$1.62 |
|||
The dividend amount for the past three years shows that the company has been consistently paying dividends of above 1.50$. It is indeed remarkable even under the black swan events like the Covid Second wave also known as the delta wave which swept the world in 2021.
The company has managed to fare well by paying its investors. The highest it paid its investors was last year in 2023 with a dividend amount of $1.92.
ARCC Share Price
The Arcc Share Price during the last time was 21.53 $
Real-Time trading hours 9:30 am to 4:00 pm ET
|
Metric |
Value |
|
Nasdaq Last Sale (NLS) Plus Volume |
2,422,692 |
|
Previous Close |
$21.36 |
|
Today's High |
$21.5799 |
|
Today's Low |
$21.29 |
|
52 Week High |
$21.84 |
|
52 Week Low |
$18.005 |
After Hours share price
The after-hours timing: (4:00-8:00 p.m. ET)
|
Metric |
Value |
|
After-Hours Consolidated Last Trade |
$21.60 +0.24 (+1.12%) |
|
After-Hours Volume |
17,581 |
|
After-Hours High |
$21.55 (07:43:06 PM) |
|
After-Hours Low |
$21.50 (05:40:40 PM) |
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Arcc Ex-Dividend Date - FAQs
1. What is the Ex-dividend Date for Arcc?
The Ex-dividend Date for Arcc is June 13th according to Arcc website and June 14th on NASDAQ.
2. Why is the a difference in the Ex-dividend Date for Arcc NASDAQ’s and Arcc investor information portal?
We do not know the exact reason for this. but it may be due to an update error or something.
3. What is the dividend date for Arcc?
The dividend date for Arcc is 28th June.
4. What is the Arcc record date and total dividend to be paid?
The Arcc record date is 14th June 2024 and 0.48$ is the quarterly dividend amount.
5. What is Arcc's Main role as a business development company?
The Ares Capital Corporation's (Arcc) main role was to provide direct loans to businesses that are in the mid-cap market range.
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