ARCC vs MAIN: dividend, yield and NAV.
Ares Capital against Main Street Capital, from the records members read.
ARCC pays $0.48/share a quarter, a 10.04% yield at $19.13. NAV $19.31, NII coverage 1.07x, non-accruals 1.4%. Dividend history and quarterly ledger. MAIN pays $0.27/share a month, a 5.58% yield at $57.01. NAV $33.92, NII coverage 1.23x, non-accruals 1.1%. Dividend history and quarterly ledger.
Q1 · What each pays
ARCC has paid $0.48/share every quarter since March 14, 2023, $1.92 a year. No supplementals in the trailing year. The last ex-date was December 15, 2026, paid December 29, 2026.
The regular dividend is $0.27/share a month, $3.18 a year. Supplemental payments added $1.16/share in the trailing year. The last ex-date was March 8, 2027, paid March 15, 2027.
Q2 · What to check on each
Net asset value was $19.31/share at September 30, 2026, so the shares trade at a 0.9% discount. Net investment income covered the regular dividend 1.07x over the four quarters to Q3 2026. Leverage ran 1.08x debt to equity; 1.4% of the portfolio at fair value was on non-accrual and 54.4% was senior secured. Payment-in-kind income was 16.4% of investment income in Q3 2026.
Net asset value was $33.92/share at June 30, 2026, so the shares trade at a 68.1% premium. Net investment income covered the regular dividend 1.23x over the four quarters to Q3 2026. Leverage ran 0.80x debt to equity; 1.1% of the portfolio at fair value was on non-accrual and 64.8% was senior secured. Payment-in-kind income was 3.7% of investment income in Q3 2026.
Dividend history, last eight payments
| Ex-date | Paid | Per share |
|---|---|---|
| Dec 15, 2026 | Dec 29, 2026 | $0.48 |
| Sep 15, 2026 | Sep 30, 2026 | $0.48 |
| Jun 15, 2026 | Jun 30, 2026 | $0.48 |
| Mar 13, 2026 | Mar 31, 2026 | $0.48 |
| Dec 15, 2025 | Dec 30, 2025 | $0.48 |
| Sep 15, 2025 | Sep 30, 2025 | $0.48 |
| Jun 13, 2025 | Jun 30, 2025 | $0.48 |
| Mar 14, 2025 | Mar 31, 2025 | $0.48 |
| Ex-date | Paid | Per share |
|---|---|---|
| Mar 8, 2027 | Mar 15, 2027 | $0.27 |
| Feb 5, 2027 | Feb 12, 2027 | $0.27 |
| Jan 8, 2027 | Jan 15, 2027 | $0.27 |
| Dec 18, 2026 | Dec 28, 2026 | $0.30 |
| Dec 8, 2026 | Dec 15, 2026 | $0.27 |
| Nov 6, 2026 | Nov 13, 2026 | $0.27 |
| Oct 8, 2026 | Oct 15, 2026 | $0.27 |
| Sep 21, 2026 | Sep 28, 2026 | $0.30special |
Read the full records
- BDC dividend coverage explainedWhy net investment income against the regular dividend is the first check.
- What PIK income means for BDC dividendsInterest paid in more paper rather than cash, and what it does to coverage.
- The basics of business development companiesStructure, leverage limits and the 150% asset-coverage floor.
This page describes two records and picks neither. The score describes income quality on a 0-to-10 scale and ranks nothing. Credit quality shows Investment grade, High yield or Not rated. Sources: SEC EDGAR, licensed market data, FRED. Nothing on this page is investment advice or a recommendation to buy, sell or hold.
Both records open in full with a free account.
No card is required. The full record adds the price chart and the complete dividend ledger.