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2024 Q1 results
- $.32 per share for 2024 Q1
- operating volumes increased > 11% yoy
- increasing NG pipeline capacity
- expect yoy EBITDA up 3%
- new debt issues rated BBB
- debt ratio stable at 62%
- dividend very safe now
- current dividend rate 8.25%
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- ARCC is the market leading BDC lender
- flexible asset strategy should continue to adapt well to changing market conditions
- eps continues to grow
- common dividend coverage is a goal
- common dividend increases only when core earnings increase
- dividend coverage averages 125%, rate about 8.2%, dividend growth averages 4% with low dividend risk
- AUM - Credit loans are 65% of assets, equity types most of the rest
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