Pixelimage Whether a recession is on the horizon or not, Ares Capital Corporation (NASDAQ:ARCC) is in a good position to deliver stable net investment income in 2024. The business development company once again out earned its dividend with net investment income in the fourth quarter and grew its net asset value QoQ by $0.25 per share. Federal Reserve Chair Jerome Powell recently asserted that the central bank will move cautiously in terms of rate cuts this year, suggesting that a higher-for-longer rate envi ...