Here's Why I Keep Buying This 10%-Yielding Dividend Stock

Ares Capital (ARCC) offers a 10%+ dividend yield, significantly higher than the S&P 500's 1.1%. As a BDC required to distribute 90% of taxable income, the high yield is justified. The company has maintained or raised its dividend for 17 consecutive years with minimal losses on its $73 billion in cumulative investments. Despite recent core earnings dipping slightly below dividend payments, realized gains have more than compensated, and the company carries forward $1.38 per share in taxable income from the previous year.