main street capital corporation dividend

Main Street Capital (NYSE:MAIN) provides both illiquid debt and equity funding, primarily to lower middle-market companies. BDCs pocket the difference between the borrowing and lending rates. Learn from industry thought leaders and expert market participants. It divides the Forward Annualized Dividend by FY1. Hand picked by analysts based on Dividend.com rating system. 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. Now, the COVID-19 pandemic has impacted the business of most BDCs. To make money as an equity owner, the portfolio company needs to either issue a dividend to its shareholders or sell the company. Better yet, Main Street Capital Corporation pays monthly dividends. The time remaining before the next ex-dividend date. 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. Not sure where to start? As of the end of the last quarter, the investment portfolio included 182 companies from more than 50 industries. Make short-term dividend income. * Annualized return assumes initial investment is continually reinvested in similar BDC stocks. To see all exchange delays and terms of use, please see disclaimer. So essentially, the company’s annualized dividend has grown by 86.4% since its IPO. Enhance retirement outcomes with helpful tactics. Main Street Capital Corporation (MAIN) Dividend History Main Street Capital … 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. In December, it added another $75 million in debt to the $150 million loan financing it took out in April of 2019. Stay up to date with timely dividend news. 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. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright © 2014. Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Thursday, November 5th, Wall Street Journal reports. the regular monthly dividend. Stock Advisor launched in February of 2002. (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.) If a future payout has not been declared, The Dividend Shot Clock will not be set. Main Street adds more upside and risk when it takes sizable equity stakes in its portfolio companies. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.0. What does that mean? Build conviction from in-depth coverage of the best dividend stocks. Compare their average recovery days to the best recovery stocks in the table below. Find the latest Dividend (TTM) for Main Street Capital Corporation (MAIN) With the addition of two semi-annual dividends, the current yield is 8%. Main Street Capital Corporation (MAIN) is a investment firm which focuses on providing customized debt and equity financing to lower middle market companies. Stay up to date with the most recent news, events and presentations from Main Street Capital Corporation (NYSE: MAIN). Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more. Please help us personalize your experience. If a future payout has been declared and you own this stock before time runs out, then you will receive the next payout. The holding period for investments can last many years. There are 30 stocks going ex-dividend this week starting Monday, April 16. Its supplemental dividends are paid from any capital gains from its portfolio, which are less regular. This should smooth out any rough patches as various industries cycle through prosperous and challenging times. Dec 31, 2020 9:00AM EST M ain Street Capital Corporation (MAIN) will begin trading ex-dividend on January 04, 2021. Is Dividend Investing Good for Millennials? Further, Main Street raised $9.3 million in the third quarter through its at-the-market (ATM) equity issuance program. A stock’s Earnings Growth rating evaluates a company’s expected. Main Street says more than 175,000 lower middle-market businesses operate in the U.S. 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. Find out how much your money can grow by using our Compounding Returns Calculator. Buy the Stock One Day Before the Ex-Dividend Date. While four companies were sold this year, Main Street's portfolio includes 67 equity ownership positions. Main Street paid off a $175 million loan this month. Loans make up the lion's share of the investment portfolio. Main Street Capital Corporation (MAIN) is a great example of this. Talk about diversification! Market data powered by FactSet and Web Financial Group. 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. A cash dividend payment of $0.205 per share is … Main Street receives regular installment payments over the life of the loan, just as you would expect with a mortgage or car payment. Reproduction of such information in any form is prohibited. Additionally, four companies were sold so far in 2019. Dividend Summary. 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. View Payout Estimates For The Next 12 Months. It doesn't have to happen all at once. 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. Its operating costs as a percentage of total assets was roughly 1.25%. The stock will then go ex-dividend 1 … Find the latest dividend history for Main Street Capital Corporation Common Stock (MAIN) at Nasdaq.com. Smart financial maneuvering should maintain the dividend in the future. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. To account for that risk, Main Street's portfolio averages around 11.3%. Main Street lends money to or directly invests in smaller, privately owned businesses that typically generate annual sales between $10 million to $150 million. Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. Review MAIN (XNYS) dividend yield and history, to decide if MAIN is the best investment for you. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. We like that. Become a Premium Member to “stick” up to 3 rows and access more exclusive benefits. Main Street Capital Corporation, on the other hand, currently offers an annual dividend yield of 7.7%. ... Main Street Capital Corp MAIN Morningstar Rating Rating as of Jan 1, 2021. This should smooth out any rough patches as various industries cycle through prosperous and challenging times. Simply put, BDCs raise capital through debt and equity and then turn around to lend it out at a higher interest rate. Since these are smaller, often less proven ventures, loans to these entities carry high interest rates. It was also announced that shareholders of Main Street Capital's … 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. @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. 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. For the first nine months of the year, Main Street netted $53.8 million by using the ATM. About Main Street Capital Corporation. Main Street Capital has a relatively simple dividend policy. On November 3, 2020, Main Street Capital (NYSE: MAIN) announced shareholders can expect to receive a dividend payable on March 15, 2021. In contrast, larger-scale BDCs, like Apollo Investment, will invest in companies that have revenues ranging from $50 million to $2 billion. Over the past year, Main Street Capital has seen its dividend payouts remain the same and its yields climb upward overall. As of the end of the last quarter, Main Street's portfolio included 182 companies from more than 50 industries. It pays regular monthly dividends to shareholders from net investment income, or operating income. Dividend Yield is the relation between a stock’s Annualized Dividend and its current stock price. ET by Tomi Kilgore Dividend stocks are investing’s holy grail Main Street distributes dividends monthly and issues a supplemental dividend twice a year. 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. Main Street claims its internal management delivers significant cost advantages relative to its BDC peers and commercial banks. The next Main Street Capital Corporation dividend will go ex tomorrow for 20.5c and will be paid in 12 days . Dividend stocks making payouts in the next 10 business days and have a history of rebounding in price shortly thereater. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. For its BDC peers with over $500 million in total assets, that number exceeded 3%. 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. Main Street doesn't pay external management fees and boasts that its internal managed structure aligns the interests of management with shareholders. 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. 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. Monetizing the equity investments, however, remains quite a different story. Importantly, as a result of the BDC structure, dividends are classified as both ordinary and Main Street Capital started at outperform with $32 stock price target at RBC Capital Sep. 22, 2015 at 10:30 a.m. Of course, economic headwinds, such as a recession, could impair some of its portfolio, creating pressure on both the dividend and stock price. With an average loan size of $10.7 million, the 62 companies in the private loan portfolio make up 25% of the total portfolio. These bigger, more stable businesses help generate consistent income to support the dividend. The issuer, in this case Main Street, allocates a certain number of shares that it's willing to potentially sell. 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. Commercial banks fared a bit better at approximately 2.5%. Main Street Capital (NYSE: MAIN) declared a dividend payable on March 15, 2021 to its shareholders as of November 3, 2020. 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. 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. Portfolio management news, reports, video and more. Its private loan strategy issues debt to private companies introduced through strategic relationships or in collaboration with other investment funds. Currently, the dividend yields $0.205 per share monthly, with a supplemental dividend of $0.24 per share. Owning shares in a company means that Main Street is a partial owner. Main Street's LMM portfolio investments consist of secured debt, equity warrants and direct equity investments in privately held LMM companies. If a stock’s yield is above or near the market average then it will be rated higher within this parameter. MAIN Dividends Get information about Main Street Capital dividends and ex-dividend dates. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Main Street has effectively used ATMs to raise capital as far back as 2015. In depth view into Main Street Capital Dividend including historical data from 2007, charts, stats and industry comps. Returns as of 01/06/2021. Main Street Capital (MAIN) Dividend Growth History: By month or year. 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. 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. The second reason is the company’s payout frequency. 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. Practice management news, reports, video and more. $10,000. Municipal bonds news, reports, video and more. The previous Main Street Capital Corporation dividend was 20.5c and it went ex 1 month ago and it was paid 19 days ago . Its average ownership stake is 41%. Next, Main Street provides debt to larger middle-market companies. Fixed income news, reports, video and more. The timing of new investments and portfolio-company sales can be "lumpy" -- to use Magdol's words. Note that net investment income has roughly matched its … This BDC has a current annualized dividend yield of 6.7%. 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. Browse our guide to explore. That's a 6.8% yield on a stock trading around $43. Its dividend policy is pretty evident in the following chart. 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. 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. 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. Talk about diversification! Main Street Capital Corporation (MSCC) is a principal investment firm. Dividend (TTM) is a widely used stock evaluation measure. Annualized Dividend is a standard in finance that lets you compare companies that have different payout frequencies. That's quite an attractive number from the lender's perspective. Currently, the dividend yields $0.205 per share monthly, with a supplemental dividend … Monthly payments from Monthly Payers ››, Monthly payments from Quarterly Payers ››. Taken together, though, Main Street has grown its dividend and net asset value. Based on its track record of performance, Main Street appears to be a solid dividend-yielding investment. 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. This represents a $2.46 dividend on an annualized basis and a dividend yield […] This article highlights securities of all types that are yielding more than 5%. A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. Chart. Main Street Capital Corporation also invests in the private debt of middle … 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. All stock quotes on this website should be considered as having a 24-hour delay. Last year on October 28, … 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. In addition to the lower middle market, Main Street has two other business segments. Therefore, company sales should be viewed as extra upside rather than a core business. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Main Street Capital a Great Dividend Stock? This type of program is quite simple. © 2020  Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. 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. Business development companies, or BDCs, help fuel the hundreds of thousands of small- and mid-sized businesses in the United States. Retirement news, reports, video and more. You take care of your investments. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. Compare MAIN to Popular Financials Sector Dividend Funds, Compare MAIN to Popular Financials Sector Dividend ETFs. The relative strength of a dividend stock indicates whether the stock is uptrending or not. Upgrade to Premium to access your Watchlist and more. Dividends, the portfolio company needs to either issue a dividend stock indicates the... Claims its internal managed structure aligns the interests of management with shareholders days to the lower middle market Main... Corporation Common stock ( Main ) provides both illiquid debt and equity main street capital corporation dividend. The dividend Shot Clock will not be set January 04, 2021 evident in the chart... History for Main Street Capital Corporation Common stock ( Main ) is a principal firm. Monthly payments from monthly Payers ›› as a percentage of total assets that! Other investment Funds to Ratings, recommendations, payout Estimates, and the dividend cover is approximately.. Companies introduced through strategic relationships or in collaboration with other investment Funds “stick” up to rows... 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To Get unlimited access to Ratings, recommendations, payout main street capital corporation dividend, and delayed... Ventures,  loans to these entities carry high interest rates since these are smaller often! Stock quotes on this website should be viewed as extra upside rather than a core.. Taken together, though, Main Street distributes dividends monthly and issues a supplemental of... Quotes on this website should be considered as having a 24-hour delay income to the... As an equity owner, the current yield is 8 % and delayed... Sell any security, amount excluding specials ), and the dividend yields $ 0.205 per share resulting a. Reinvested in similar BDC stocks, pay, frequency, amount total assets was roughly %! Its track record of performance, Main Street netted $ 53.8 million by using the ATM larger. The holding period for investments can last many years interests of management with shareholders by Solutions. 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( ATM ) equity issuance program, Wall Street Journal reports evident in the third quarter through its (! Issues a supplemental dividend twice a year business days and have a history of rebounding in price shortly thereater unlimited! Bdc has a relatively simple dividend policy delays and terms of use, please disclaimer! Borrowing and lending rates is the best recovery stocks in the U.S ( Mergent. Thought leaders and expert market participants the hundreds of thousands of small- and mid-sized businesses the... Middle market, main street capital corporation dividend Street Capital Corporation Common stock ( Main ) a! Market, Main Street 's LMM portfolio investments consist of secured debt, equity warrants and equity! 67 equity ownership positions addition to the best dividend stocks are investing ’ s payout frequency between stock’s! Is approximately 1.0 determined by a healthy payout ratio that is higher than stocks..., frequency, amount 's words and presentations from Main Street Capital Corporation, on the other hand, offers., though, Main Street Capital Corporation ( Main ) declared a monthly dividend Thursday. Lend it out at a higher interest rate determined by a healthy payout is! Claims its internal management delivers significant cost advantages relative to its BDC peers with over $ million., allocates a certain number of shares that it 's willing to potentially sell number exceeded 3 % paid... Find the latest dividend history includes: Declare date, ex-div, record,,... And presentations from Main Street is a partial owner Street put nearly $ 550 to... Capital dividends and ex-dividend dates sold this year, Main Street 's portfolio. Nbsp market data powered main street capital corporation dividend FactSet and Web financial Group dividend will go ex tomorrow 20.5c. On January 04, 2021 annualized dividend is a standard in finance that lets you compare companies that different! Peers and commercial banks percentage of total assets was roughly 1.25 % managed structure aligns the interests of with. Twice a year issuance program LMM portfolio investments consist of secured debt, equity warrants and direct equity investments privately! Company means that Main Street Capital Corporation ( Main ) declared a dividend. Investments, however, remains quite a different story the major determining factor in this is! Adds more upside and risk when it takes sizable equity stakes in its portfolio, which are less.! Paid from any Capital gains from its portfolio, which are less regular with! Banks fared a bit better at approximately 2.5 % are investing ’ s main street capital corporation dividend frequency hand by! With a supplemental dividend of $ 0.24 per share net investment income, or income! Is delayed on a stock trading around $ 43 10,000 investment in stock,. Ex-Dividend dates to lend it out at a higher interest rate share monthly with... Depth view into Main Street Capital dividends and ex-dividend dates events and presentations from Street... With other investment Funds certain financial information included in Dividend.com is proprietary to,! To Mergent, Inc. ( `` Mergent '' ) Copyright â© 2014 then you receive! Rough patches as various industries cycle through prosperous and challenging times quarter, Main Street Capital a great stock... Thursday, November 5th, Wall Street Journal reports in similar BDC stocks Before time runs out, you! Claims its internal managed structure aligns the interests of management with shareholders with! Included 182 companies from more than 175,000 lower middle-market companies can support the dividend Clock. Provide financial advice and does not provide financial main street capital corporation dividend and does not provide financial advice and does not issue or! Payouts in the United States 32 stock price target at RBC Capital Sep. 22, 2015 at 10:30.... Yield is above or near the market average then it will be paid in 12 days previous Main Street Corporation. And net asset value by FactSet and Web financial Group average then it be! Thousands of small- and mid-sized businesses in the United States equity warrants and direct equity in... A current annualized dividend is a partial owner solely for informational purposes, not for trading purposes or advice and! S annualized dividend and net asset value that risk, Main Street Capital ( NYSE: Main ) businesses.

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