The holding period for investments can last many years. Become a Premium Member to “stick” up to 3 rows and access more exclusive benefits. Fixed income news, reports, video and more. BDCs pocket the difference between the borrowing and lending rates. As I said, Main Street Capital stock is now a monthly dividend stock, and its current monthly payout of $0.205 per share comes out to $2.46 per share annualized. The second reason is the company’s payout frequency. Talk about diversification! Find the latest dividend history for Main Street Capital Corporation Common Stock (MAIN) at Nasdaq.com. the regular monthly dividend. All stock quotes on this website should be considered as having a 24-hour delay. Learn from industry thought leaders and expert market participants. In addition to the lower middle market, Main Street has two other business segments. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Its private loan strategy issues debt to private companies introduced through strategic relationships or in collaboration with other investment funds. The BDC has the capability to invest in both debt and equity, which gives it a significant advantage over companies who invest in private debt or private equity alone. A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. About Main Street Capital Corporation. On November 3, 2020, Main Street Capital (NYSE: MAIN) announced shareholders can expect to receive a dividend payable on March 15, 2021. Make short-term dividend income. To account for that risk, Main Street's portfolio averages around 11.3%. Stock Advisor launched in February of 2002. Dividend stocks making payouts in the next 10 business days and have a history of rebounding in price shortly thereater. Review MAIN (XNYS) dividend yield and history, to decide if MAIN is the best investment for you. Main Street Capital started at outperform with $32 stock price target at RBC Capital Sep. 22, 2015 at 10:30 a.m. Market data powered by FactSet and Web Financial Group. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. Dividend paying stocks like Main Street Capital Corporation tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends.If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. Annualized Dividend is a standard in finance that lets you compare companies that have different payout frequencies. Currently, the dividend yields $0.205 per share monthly, with a supplemental dividend … That's quite an attractive number from the lender's perspective. MAIN Dividend History & Description — Main Street Capital Corp Main Street Capital is a principal investment firm primarily focused on providing debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. © 2020  Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. This should smooth out any rough patches as various industries cycle through prosperous and challenging times. This BDC has a current annualized dividend yield of 6.7%. Monthly payments from Monthly Payers ››, Monthly payments from Quarterly Payers ››. To make money as an equity owner, the portfolio company needs to either issue a dividend to its shareholders or sell the company. Main Street Capital Corporation, on the other hand, currently offers an annual dividend yield of 7.7%. On the third-quarter conference call, Main Street's president and chief investment officer, David Magdol, highlighted that portfolio companies paid $33 million in dividends over the past 12 months. Two-thirds of the equity investments pay out dividends. If a future payout has been declared and you own this stock before time runs out, then you will receive the next payout. In contrast, larger-scale BDCs, like Apollo Investment, will invest in companies that have revenues ranging from $50 million to $2 billion. Monetizing the equity investments, however, remains quite a different story. Dec 31, 2020 9:00AM EST M ain Street Capital Corporation (MAIN) will begin trading ex-dividend on January 04, 2021. The previous Main Street Capital Corporation dividend was 20.5c and it went ex 1 month ago and it was paid 19 days ago . Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Main Street Capital a Great Dividend Stock? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Main Street's LMM portfolio investments consist of secured debt, equity warrants and direct equity investments in privately held LMM companies. Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. ET by Tomi Kilgore Dividend stocks are investing’s holy grail A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. Main Street has effectively used ATMs to raise capital as far back as 2015. Main Street Capital Corporation (MAIN) Updated August 26th, 2019 by Quinn Mohammed Disclosure: This analyst has no position in the security discussed in this research report, and no plans to initiate one in the next 72 hours. With an average loan size of $10.7 million, the 62 companies in the private loan portfolio make up 25% of the total portfolio. Main Street Capital Corporation operates as a debt and equity investor for lower middle market companies (those with $5-$50 million of annual revenues) seeking to transform their capital structures. Stockholders of record on Tuesday, January 5th will be given a dividend of 0.205 per share by the financial services provider on Friday, January 15th. Digging deeper, the aspects of Main Street Capital CORP's dividend discount model that we found most interesting were: Compared to other US stocks that pay a dividend, MAIN offers a dividend yield in the top 8.45% of stocks in our set. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. To see all exchange delays and terms of use, please see disclaimer. Chart. These bigger, more stable businesses help generate consistent income to support the dividend. Commercial banks fared a bit better at approximately 2.5%. With the addition of two semi-annual dividends, the current yield is 8%. This represents a $2.46 dividend on an annualized basis and a dividend yield […] Find the latest Dividend (TTM) for Main Street Capital Corporation (MAIN) While four companies were sold this year, Main Street's portfolio includes 67 equity ownership positions. As of the end of the last quarter, Main Street's portfolio included 182 companies from more than 50 industries. What does that mean? A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future. Main Street Capital Corporation also invests in the private debt of middle … Please help us personalize your experience. Compare their average recovery days to the best recovery stocks in the table below. Upgrade to Premium to access your Watchlist and more. Now, the COVID-19 pandemic has impacted the business of most BDCs. Note that net investment income has roughly matched its … Better yet, Main Street Capital Corporation pays monthly dividends. This type of program is quite simple. That's a 6.8% yield on a stock trading around $43. Is Dividend Investing Good for Millennials? High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors. So essentially, the company’s annualized dividend has grown by 86.4% since its IPO. Not sure where to start? Main Street Capital Corporation (MAIN) is a investment firm which focuses on providing customized debt and equity financing to lower middle market companies. Main Street doesn't pay external management fees and boasts that its internal managed structure aligns the interests of management with shareholders. For its BDC peers with over $500 million in total assets, that number exceeded 3%. About Main Street Capital Corporation Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Of course, economic headwinds, such as a recession, could impair some of its portfolio, creating pressure on both the dividend and stock price. Main Street lends money to or directly invests in smaller, privately owned businesses that typically generate annual sales between $10 million to $150 million. The next Main Street Capital Corporation dividend will go ex tomorrow for 20.5c and will be paid in 12 days . Dividend (TTM) is a widely used stock evaluation measure. Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Thursday, November 5th, Wall Street Journal reports. It provides great flexibility since the issuer can then decide when, how much, and at what price it will sell the shares into the market. Main Street claims its internal management delivers significant cost advantages relative to its BDC peers and commercial banks. Consecutive Years of Dividend Increase is the number of years in a row in which there has been at least one payout increase and no payout decreases. Additionally, four companies were sold so far in 2019. Main Street Capital (MAIN) Dividend Growth History: By month or year. Main Street paid off a $175 million loan this month. There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.0. Importantly, as a result of the BDC structure, dividends are classified as both ordinary and Main Street Capital (NYSE:MAIN) provides both illiquid debt and equity funding, primarily to lower middle-market companies. * Annualized return assumes initial investment is continually reinvested in similar BDC stocks. Main Street Capital Corp Dividend policy No Change Price as of: JAN 04, 06:24 AM EDT $31.53 -0.73 -2.26% MAIN: NYSE (Stock) Main Street Capital Corp Dividend policy ... How much you could have earned from trading MAIN’s dividend. Retirement news, reports, video and more. Get the latest Main Street Capital Corporation (MAIN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The time remaining before the next ex-dividend date. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. A stock’s Earnings Growth rating evaluates a company’s expected. Main Street Capital has a relatively simple dividend policy. Practice management news, reports, video and more. Main Street Capital Corporation (MAIN) is a great example of this. Since these are smaller, often less proven ventures, loans to these entities carry high interest rates. Stay up to date with the most recent news, events and presentations from Main Street Capital Corporation (NYSE: MAIN). Main Street adds more upside and risk when it takes sizable equity stakes in its portfolio companies. The issuer, in this case Main Street, allocates a certain number of shares that it's willing to potentially sell. Find out how much your money can grow by using our Compounding Returns Calculator. Last year on October 28, … Owning shares in a company means that Main Street is a partial owner. The additional financing and the company's credit line of $750 million ensure that enough cash remains in the company's coffers to execute on its business. We like that. This should smooth out any rough patches as various industries cycle through prosperous and challenging times. Loans make up the lion's share of the investment portfolio. Simply put, BDCs raise capital through debt and equity and then turn around to lend it out at a higher interest rate. Next, Main Street provides debt to larger middle-market companies. The relative strength of a dividend stock indicates whether the stock is uptrending or not. Its dividend policy is pretty evident in the following chart. Main Street says more than 175,000 lower middle-market businesses operate in the U.S. Based on its track record of performance, Main Street appears to be a solid dividend-yielding investment. Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more. Therefore, company sales should be viewed as extra upside rather than a core business. Its operating costs as a percentage of total assets was roughly 1.25%. It doesn't have to happen all at once. Talk about diversification! These companies provide financing for businesses, usually in the form of loans, to allow for leveraged buyouts, cash to buy other businesses, or to facilitate internal growth. Portfolio management news, reports, video and more. Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies. It pays regular monthly dividends to shareholders from net investment income, or operating income. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright © 2014. Main Street Capital (NYSE: MAIN) declared a dividend payable on March 15, 2021 to its shareholders as of November 3, 2020. Reproduction of such information in any form is prohibited. If a stock’s yield is above or near the market average then it will be rated higher within this parameter. If a future payout has not been declared, The Dividend Shot Clock will not be set. View Payout Estimates For The Next 12 Months. Over the past year, Main Street Capital has seen its dividend payouts remain the same and its yields climb upward overall. Dividend Yield is the relation between a stock’s Annualized Dividend and its current stock price. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. Further, Main Street raised $9.3 million in the third quarter through its at-the-market (ATM) equity issuance program. Currently, the dividend yields $0.205 per share monthly, with a supplemental dividend of $0.24 per share. Main Street Capital Corporation (MAIN) Dividend History Main Street Capital … For the first nine months of the year, Main Street netted $53.8 million by using the ATM. It was also announced that shareholders of Main Street Capital's … Assuming those remain constant, that equates to $2.94 in dividends (12 x $0.205 plus 2 x $0.24) over the next 12 months. In depth view into Main Street Capital Dividend including historical data from 2007, charts, stats and industry comps. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. Compare MAIN to Popular Financials Sector Dividend Funds, Compare MAIN to Popular Financials Sector Dividend ETFs. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Returns as of 01/06/2021. ... Main Street Capital Corp MAIN Morningstar Rating Rating as of Jan 1, 2021. Because of the possibility of human or mechanical error by Mergent's sources, Mergent or others, Mergent does not guarantee the accuracy, adequacy, completeness, timeliness or availability or for the results obtained from the use of such information. Hand picked by analysts based on Dividend.com rating system. The timing of new investments and portfolio-company sales can be "lumpy" -- to use Magdol's words. Main Street put nearly $550 million to work in 52 companies, resulting in a weighted average yield of 8.9%. On November 3, 2020, Main Street Capital (NYSE: MAIN) announced shareholders can expect to receive a dividend payable on March 15, 2021. There are 30 stocks going ex-dividend this week starting Monday, April 16. It divides the Forward Annualized Dividend by FY1. Build conviction from in-depth coverage of the best dividend stocks. Municipal bonds news, reports, video and more. Main Street receives regular installment payments over the life of the loan, just as you would expect with a mortgage or car payment. Buy the Stock One Day Before the Ex-Dividend Date. Stay up to date with timely dividend news. Main Street Capital Corporation (MSCC) is a principal investment firm. Its supplemental dividends are paid from any capital gains from its portfolio, which are less regular. Dividend Capture Avg Days for Stock Price Recovery, › Real Estate Investment Trust (REITs), Vanguard Total International Bond Index Fund, Vanguard Mortgage-Backed Securities Index Fund, PIMCO International Bond Fund (U.S. Dollar-Hedged), iShares Broad USD High Yield Corporate Bond ETF, Procter & Gamble Co Leads 30 Stocks Going Ex-Dividend This Week, Raytheon Breaks Into Top 50 on Most Watched Stocks List. The stock will then go ex-dividend 1 … Enhance retirement outcomes with helpful tactics. (If Main Street sells an investment for more than it paid for it, the sale would result in realized gain, which funds its special dividends.) Business development companies, or BDCs, help fuel the hundreds of thousands of small- and mid-sized businesses in the United States. Taken together, though, Main Street has grown its dividend and net asset value. Smart financial maneuvering should maintain the dividend in the future. As of the end of the last quarter, the investment portfolio included 182 companies from more than 50 industries. CSOP Asset Management Limited - CSOP FTSE China A50 ETF, BlackRock Investments Canada Inc - BlackRock iShares Gold Bullion ETF (CAD-Hedged), Capital Holidings Fund Plc - Ordinary Shares - Class A, BlackRock Investments Canada Inc - BlackRock iShares S&P/TSX Canadian Preferred Share Index ETF, Critical Facts You Need to Know About Preferred Stocks, Earn More With Dividend Stocks Than With Annuities for Your Retirement. Dividend Summary. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. This article highlights securities of all types that are yielding more than 5%. However, the diversification across business segments, industries, and mix of debt and equity components should enable Main Street to flourish and weather any storms.Â. $10,000. A cash dividend payment of $0.205 per share is … @themotleyfool #stocks $MAIN $AINV, Main Street Capital (MAIN) Q3 2020 Earnings Call Transcript, Main Street Capital (MAIN) Q2 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. Browse our guide to explore. Its average ownership stake is 41%. In December, it added another $75 million in debt to the $150 million loan financing it took out in April of 2019. You take care of your investments. MAIN Dividends Get information about Main Street Capital dividends and ex-dividend dates. 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