ARES CAPITAL CORP - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K, dated February 12, 2019, serves as a current report for Ares Capital Corporation. The filing primarily announces the release of financial results for the quarter and full year ended December 31, 2018, and declares dividends for 2019.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release attached as Exhibit 99.1, which is referenced but not included in the provided text.
Material Changes and Dividend Declarations
On February 12, 2019, the company declared the following dividends:
- First Quarter 2019 Dividend: $0.40 per share, payable March 29, 2019, to stockholders of record as of March 15, 2019.
- Additional Dividends: $0.02 per share each, payable on the following dates to stockholders of record on the specified dates:
- March 29, 2019 (Record: March 15, 2019)
- June 28, 2019 (Record: June 14, 2019)
- September 30, 2019 (Record: September 16, 2019)
- December 27, 2019 (Record: December 16, 2019)
Payment of the additional dividends scheduled for June, September, and December 2019 is subject to the satisfaction of certain Maryland law requirements.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, or detailed risk factors. It notes that the information regarding financial results and dividends is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, except as expressly set forth by specific reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the quarter and year ended December 31, 2018.
- Verify the total annual dividend yield based on the declared $0.40 quarterly plus $0.08 in additional dividends ($0.48 total per quarter).
- Confirm compliance with Maryland law requirements necessary for the payment of the additional dividends in the second, third, and fourth quarters of 2019.
- Check the record dates (March 15, June 14, September 16, December 16) to ensure eligibility for the respective dividend payments.