MAIN dividend – Main Street Capital Corporation Increases Dividend Payment to $0.23 on August 15th
August 9, 2023
🌥️Trending News
Main Street Capital ($NYSE:MAIN) Corporation, a publicly traded business development company based in Houston, Texas, is set to increase its dividend payment to $0.23 on August 15th. This marks an increase from the $0.20 payment for the same period last year, indicating a steadily growing income for Main Street Capital’s shareholders. This allows the company to offer creative financing solutions to its customers, such as providing Growth Capital, Transition Capital, and Acquisition Funding.
This makes Main Street Capital an attractive stock for investors looking for consistent dividend payments and long-term growth potential. Given its impressive financial performance and strong dividend payout ratio, Main Street Capital is well-positioned to continue delivering value to its shareholders with the upcoming dividend increase.
Dividends – MAIN dividend
This is the third year in a row that the company has issued an annual dividend per share, with the last three payouts amounting to 3.08, 2.62, and 2.5 USD respectively. As a result of this increase, shareholders of Main Street Capital Corporation can expect robust dividend yields from 2021 to 2023. These yields are estimated to range from 7.66% to 6.72%, with an average of 6.88%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MAIN. More…
| Total Revenues | Net Income | Net Margin |
| 431.4 | 347.76 | 80.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MAIN. More…
| Operations | Investing | Financing |
| -177.29 | – | 263.43 |
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 |
| 4.42k | 2.17k | 28.02 |
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 |
| -41.1% | 10.5% | 5.3% |
Price History
On Monday, MAIN STREET CAPITAL stock opened at $42.4 and closed at $42.3, down by 0.2% from previous closing price of $42.4. Live Quote…
Analysis – MAIN Stock Fair Value
At GoodWhale, we have carefully analyzed MAIN STREET CAPITAL’s fundamentals and are pleased to provide our analysis. Our proprietary Valuation Line has calculated the intrinsic value of MAIN STREET CAPITAL share to be around $46.1. Currently, MAIN STREET CAPITAL stock is trading at $42.3, making it a fair price that is undervalued by 8.2%. More…
Peers
The competition between Main Street Capital Corp and its competitors is fierce. Carlyle Secured Lending Inc, Sierra Income Corp, and BlackRock TCP Capital Corp are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. Main Street Capital Corp has a strong reputation and a long history of success, but its competitors are not far behind. Carlyle Secured Lending Inc has a more diversified portfolio and a higher risk tolerance, while Sierra Income Corp has a more conservative approach and a focus on income-producing investments. BlackRock TCP Capital Corp is the newest player on the scene, but it has already made a name for itself with its innovative investment strategies.
– Carlyle Secured Lending Inc ($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 Corporation is a publicly-traded business development company that provides financing solutions to lower middle market companies and debt capital to middle market companies. The company has a strong track record of providing long-term shareholder value through capital appreciation, dividend payments, and a robust capital return program. Recently, the company announced its intention to increase its dividend payment to $0.23 per share on August 15th, representing an 8% increase over the previous year.
The company also has an attractive total return potential due to its investment portfolio’s high quality and diversification. Investors looking for a reliable income stream and capital appreciation should consider Main Street Capital Corporation.
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