SOURCE: The Bedford Report

The Bedford Report

July 20, 2011 08:16 ET

Apollo Investment and Ares Capital Emerge as Popular Dividend Plays

The Bedford Report Provides Equity Research on Apollo Investment & Ares Capital

NEW YORK, NY--(Marketwire - Jul 20, 2011) - With the markets showing signs of volatility this month, investors are looking for safe havens. High yielding dividend plays traditionally get attention during hectic times in the market as investors are more likely to believe in the company's security and real earnings power. One of the more popular dividend plays is via the Business Development Company (BDC) sector due to the steady revenues most companies earn. The Bedford Report examines the outlook for companies in the BDC Industry and provides stock analysis on Apollo Investment Corporation (NASDAQ: AINV) and Ares Capital Corporation (NASDAQ: ARCC). Access to the full company reports can be found at:

Several companies in the BDC sector have been raising capital and reducing leverage, giving them better operational flexibility moving forward through the year. The issuance of public debt has been one of the primary means by which the sector has sought to raise capital.

Earlier this week Senior Secured Loan Program, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced the closing of two financing transactions to new borrowers totaling approximately $415 million during the second quarter of 2011. Ares Capital Corporation currently pays an annual dividend of $1.40 per share for a hefty yield of around 9 percent.

The Bedford Report releases investment research on the BDC Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The company's investment portfolio is principally in middle-market private companies. From time to time, however, the company may also invest in public companies. Presently Apollo Investment pays an annual dividend of $1.12 a share for a yield of around 11.3 percent.

During the company's fiscal year ended March 31, 2011, Apollo invested $1.1 billion across 21 new and 18 existing portfolio companies. This compares to investing $716 million in 5 new and 24 existing portfolio companies for the previous fiscal year.

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