MAIN dividend – Main Street Capital Corp. Declares Dividend of 0.225 Cash
June 26, 2023
🌥️Dividends Yield
On June 8 2023, Main Street Capital ($NYSE:MAIN) Corp. Declares Dividend of 0.225 Cash. This dividend is in line with their past performance, having issued annual dividend per share of 2.82, 2.62, and 2.5 USD respectively for the past three years. This translates to a dividend yield of 6.84%, 6.13%, and 6.54% respectively for 2021 to 2023, with an average dividend yield of 6.5%. If you are interested in investing in dividend stocks, MAIN STREET CAPITAL is worth considering, with the ex-dividend date being June 20 2023.
Stock Price
On Thursday, the stock opened at $40.4 and closed at $40.5, representing a 0.3% increase from its prior closing price of $40.4. With this dividend, Main Street Capital Corp. continues to demonstrate its commitment to rewarding shareholders by providing consistent payouts. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MAIN. More…
| Total Revenues | Net Income | Net Margin |
| 354.53 | 256 | 72.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MAIN. More…
| Operations | Investing | Financing |
| -177.29 | – | 199.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MAIN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.29k | 2.12k | 26.87 |
Key Ratios Snapshot
Some of the financial key ratios for MAIN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.8% | – | – |
| FCF Margin | ROE | ROA |
| -50.0% | 8.2% | 4.1% |
Analysis
After analyzing MAIN STREET CAPITAL’s fundamentals, GoodWhale has concluded that the company is classified as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. Based on this fact, investors who prioritize a steady stream of dividend payments are likely to be interested in MAIN STREET CAPITAL. However, MAIN STREET CAPITAL has a low health score of 1/10 with regard to its cashflows and debt, which indicates that it is less likely to safely ride out any crisis without the risk of bankruptcy. Furthermore, MAIN STREET CAPITAL is strong in dividend, medium in growth and weak in asset, profitability. Therefore, investors should be aware of these additional factors before investing in MAIN STREET CAPITAL. More…
Peers
The competition between Main Street Capital Corp and its competitors is fierce. Carlyle Secured Lending Inc, Sierra Income Corp, and BlackRock TCP Capital Corp are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. Main Street Capital Corp has a strong reputation and a long history of success, but its competitors are not far behind. Carlyle Secured Lending Inc has a more diversified portfolio and a higher risk tolerance, while Sierra Income Corp has a more conservative approach and a focus on income-producing investments. BlackRock TCP Capital Corp is the newest player on the scene, but it has already made a name for itself with its innovative investment strategies.
– Carlyle Secured Lending Inc ($NASDAQ:CGBD)
Carlyle Secured Lending Inc is a US based company that focuses on providing secured loans to borrowers. The company operates in two segments, Carlyle Lending and Carlyle Asset Management. Carlyle Lending offers loans to borrowers using real estate as collateral while Carlyle Asset Management provides loans against other types of collateral. As of 2022, Carlyle Secured Lending Inc had a market cap of 658.55M and a ROE of 7.86%.
– Sierra Income Corp ($NASDAQ:TCPC)
BlackRock TCP Capital Corp is a publicly traded business development company that focuses on providing financing solutions to middle market companies in the United States. The company has a market cap of 687.43 million as of 2022 and a return on equity of 4.28 percent. BlackRock TCP Capital Corp was founded in 1997 and is headquartered in Santa Monica, California.
Summary
MAIN STREET CAPITAL is a strong dividend stock with a reliable track record of consistent payment of dividend per share over the past three years. The company has paid out dividends of 2.82 USD, 2.62 USD, and 2.5 USD, respectively, for the three years between 2021 and 2023. The dividend yields for 2021 to 2023 are 6.84%, 6.13%, and 6.54%, respectively, with an average dividend yield of 6.5%.
This makes MAIN STREET CAPITAL a good option for investors looking for reliable high dividend yield investments. Furthermore, the company’s dividend history indicates that MAIN STREET CAPITAL is committed to rewarding its investors with regular and reliable dividends, making it an attractive stock for income-seeking investors.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
