Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Including 2020 Dividend Projections)

Part 2 of this article compares ARCC’s recent dividend per share rates, yield percentages, and several other highly unique dividend sustainability metrics to fourteen BDC peers.
This includes a comparative analysis of ARCC’s cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings.
My current buy, sell, or hold recommendation, price target, and dividend sustainability projection for ARCC is stated in the “Conclusions Drawn” section of the article.
My 2020 dividend sustainability projection for the fourteen other BDC peers within this analysis is also stated in the Conclusions Drawn section of the article (valuable information for readers).
I also provide a list of the BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), or appropriately valued (a hold recommendation).
Focus of Article:
The focus of this two-part article is a very detailed analysis comparing Ares Capital Corp. (Nasdaq: ARCC) to some of the company's business development company ("BDC") peers (all sector peers I currently cover). I am writing this two-part article due to the continued requests that such an analysis be specifically performed on ARCC and some of the company's BDC peers at periodic intervals. For readers who just want the summarized conclusions/results, I would suggest to scroll down to the "Conclusions Drawn" section at the bottom of each part of the article.
PART 1 of this article analyzed ARCC's recent quarterly results and compared several of the company's metrics to fourteen BDC peers. PART 1 helps lead to a better understanding of the topics and analysis that will be discussed in PART 2. The link to PART 1's analysis is provided below:
Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers (Post Q4 2019 Earnings, Including Current Price Target)
PART 2 of... Read more