Reproduction of such information in any form is prohibited. Is Dividend Investing Good for Millennials? It pays regular monthly dividends to shareholders from net investment income, or operating income. Retirement news, reports, video and more. Its dividend policy is pretty evident in the following chart. So essentially, the company’s annualized dividend has grown by 86.4% since its IPO. The issuer, in this case Main Street, allocates a certain number of shares that it's willing to potentially sell. 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. Browse our guide to explore. These bigger, more stable businesses help generate consistent income to support the dividend. Main Street Capital (MAIN) Dividend Growth History: By month or year. Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. Stock Advisor launched in February of 2002. Fixed income news, reports, video and more. Main Street Capital Corporation also invests in the private debt of middle … Over the past year, Main Street Capital has seen its dividend payouts remain the same and its yields climb upward overall. Main Street claims its internal management delivers significant cost advantages relative to its BDC peers and commercial banks. @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 Capital Corporation (MAIN) is a great example of this. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. 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. Enhance retirement outcomes with helpful tactics. You take care of your investments. With an average loan size of $10.7 million, the 62 companies in the private loan portfolio make up 25% of the total portfolio. 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. Main Street receives regular installment payments over the life of the loan, just as you would expect with a mortgage or car payment. The relative strength of a dividend stock indicates whether the stock is uptrending or not. That's a 6.8% yield on a stock trading around $43. If a future payout has been declared and you own this stock before time runs out, then you will receive the next payout. 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. Main Street Capital Corporation, on the other hand, currently offers an annual dividend yield of 7.7%. Upgrade to Premium to access your Watchlist 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. Hand picked by analysts based on Dividend.com rating system. Next, Main Street provides debt to larger middle-market companies. Main Street lends money to or directly invests in smaller, privately owned businesses that typically generate annual sales between $10 million to $150 million. Dividend stocks making payouts in the next 10 business days and have a history of rebounding in price shortly thereater. Monetizing the equity investments, however, remains quite a different story. 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. In addition to the lower middle market, Main Street has two other business segments. 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. Simply put, BDCs raise capital through debt and equity and then turn around to lend it out at a higher interest rate. For its BDC peers with over $500 million in total assets, that number exceeded 3%. This type of program is quite simple. Since these are smaller, often less proven ventures, loans to these entities carry high interest rates. Municipal bonds news, reports, video and more. Main Street says more than 175,000 lower middle-market businesses operate in the U.S. Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more. Build conviction from in-depth coverage of the best dividend stocks. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Main Street Capital a Great Dividend Stock? Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright © 2014. Commercial banks fared a bit better at approximately 2.5%. Portfolio management news, reports, video and more. 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. MAIN Dividends Get information about Main Street Capital dividends and ex-dividend dates. There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.0. What does that mean? © 2020  Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. Therefore, company sales should be viewed as extra upside rather than a core business. Importantly, as a result of the BDC structure, dividends are classified as both ordinary and Review MAIN (XNYS) dividend yield and history, to decide if MAIN is the best investment for you. 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. A cash dividend payment of $0.205 per share is … In contrast, larger-scale BDCs, like Apollo Investment, will invest in companies that have revenues ranging from $50 million to $2 billion. To see all exchange delays and terms of use, please see disclaimer. Main Street Capital (NYSE:MAIN) provides both illiquid debt and equity funding, primarily to lower middle-market companies. the regular monthly dividend. This article highlights securities of all types that are yielding more than 5%. This BDC has a current annualized dividend yield of 6.7%. Compare their average recovery days to the best recovery stocks in the table below. 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. Compare MAIN to Popular Financials Sector Dividend Funds, Compare MAIN to Popular Financials Sector Dividend ETFs. Monthly payments from Monthly Payers ››, Monthly payments from Quarterly Payers ››. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. 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. It divides the Forward Annualized Dividend by FY1. The next Main Street Capital Corporation dividend will go ex tomorrow for 20.5c and will be paid in 12 days . 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. Its operating costs as a percentage of total assets was roughly 1.25%. Stay up to date with timely dividend news. In depth view into Main Street Capital Dividend including historical data from 2007, charts, stats and industry comps. While four companies were sold this year, Main Street's portfolio includes 67 equity ownership positions. Main Street has effectively used ATMs to raise capital as far back as 2015. 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. Taken together, though, Main Street has grown its dividend and net asset value. To account for that risk, Main Street's portfolio averages around 11.3%. 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. Stay up to date with the most recent news, events and presentations from Main Street Capital Corporation (NYSE: MAIN). Business development companies, or BDCs, help fuel the hundreds of thousands of small- and mid-sized businesses in the United States. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. (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.) That's quite an attractive number from the lender's perspective. 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. Dec 31, 2020 9:00AM EST M ain Street Capital Corporation (MAIN) will begin trading ex-dividend on January 04, 2021. Further, Main Street raised $9.3 million in the third quarter through its at-the-market (ATM) equity issuance program. 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. Main Street Capital started at outperform with $32 stock price target at RBC Capital Sep. 22, 2015 at 10:30 a.m. Main Street put nearly $550 million to work in 52 companies, resulting in a weighted average yield of 8.9%. Main Street Capital Corporation (MSCC) is a principal investment firm. Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Thursday, November 5th, Wall Street Journal reports. In December, it added another $75 million in debt to the $150 million loan financing it took out in April of 2019. Not sure where to start? Find the latest dividend history for Main Street Capital Corporation Common Stock (MAIN) at Nasdaq.com. If a future payout has not been declared, The Dividend Shot Clock will not be set. $10,000. Annualized Dividend is a standard in finance that lets you compare companies that have different payout frequencies. 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. The time remaining before the next ex-dividend date. 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 Capital Corporation (MAIN) Dividend History Main Street Capital … Find out how much your money can grow by using our Compounding Returns Calculator. Last year on October 28, … This represents a $2.46 dividend on an annualized basis and a dividend yield […] As of the end of the last quarter, the investment portfolio included 182 companies from more than 50 industries. The second reason is the company’s payout frequency. The holding period for investments can last many years. Additionally, four companies were sold so far in 2019. On November 3, 2020, Main Street Capital (NYSE: MAIN) announced shareholders can expect to receive a dividend payable on March 15, 2021. A stock’s Earnings Growth rating evaluates a company’s expected. 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. See disclaimer stock Before time runs out, then you will receive the next payout shareholders! Its operating costs as a percentage of total assets was roughly 1.25 % primarily to lower middle-market businesses in! Supplemental dividend of $ 0.24 per share monthly, with a mortgage or car payment financial information included in is... 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