Is Ares Capital Stock a Millionaire Maker?

Ares Capital (NASDAQ: ARCC), a business development company (BDC) that pays out most of its profits as dividends, went public in October 2004 at $15 a share. Its stock has only risen about 45% since then, but it's delivered a total return of 1,090% after including its reinvested dividends. Therefore, a $10,000 investment in its IPO would be worth about $119,000 today, paying out approximately $10,450 in annual dividends.That's an impressive return that beat the S&P 500's total return of 627% during the same period, but it probably didn't mint too many millionaires on its own. So could Ares Capital churn out millionaire-making gains from a fresh $10,000 investment over the next two decades, or will it remain a steady dividend stock for conservative investors?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool