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Ares Capital(NASDAQ: ARCC)currently pays a $0.48-per-share quarterly dividend.
At its recent stock price of around $19, thebusiness development company (BDC)yields more than 10%.
That's about 10 times theS&P 500's yield, which currently sits around 1%.
Investors are running out of time to lock in thefinancial stock's currently sky-high yield.
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The BDC will pay that dividend on June 30th.
However, an investor would need to be a shareholder before the market closes on June 15.
An investor who buys after that date wouldn't receive their first dividend until the third-quarter payment, which Ares has historically paid on the last day of September.
Waiting to buy also risks locking in a lower yield.
The REIT's share price has fallen about 8% this year, pushing its yield to around its highest level in the last five years: However, the share price has already bounced off its recent bottom, and could continue rallying, which would steadily lower the yield.
While shares have fallen over the past year due to concerns about the private credit market and falling interest rates, Ares isin a strong positionto navigate both headwinds.
Ares Capital has paid a stable-to-growing dividend for 67 consecutive quarters.
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