main street capital corporation dividend

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Dividend Yield is the relation between a stockâs Annualized Dividend and its current stock price. 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. That's a 6.8% yield on a stock trading around $43. Find out how much your money can grow by using our Compounding Returns Calculator. As of the end of the last quarter, the investment portfolio included 182 companies from more than 50 industries. 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. The holding period for investments can last many years. Since these are smaller, often less proven ventures,Â loans to these entities carry high interest rates. 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. Dec 31, 2020 9:00AM EST M ain Street Capital Corporation (MAIN) will begin trading ex-dividend on January 04, 2021. A stockâs Earnings Growth rating evaluates a companyâs expected. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright Â© 2014. Main Street Capital (NYSE: MAIN) declared a dividend payable on March 15, 2021 to its shareholders as of November 3, 2020. In depth view into Main Street Capital Dividend including historical data from 2007, charts, stats and industry comps. Fwd Payout Ratio is used to examine if a companyâs earnings can support the current dividend payment amount. It pays regular monthly dividends to shareholders from net investment income, or operating income. This type of program is quite simple. 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. What does that mean? Stay up to date with timely dividend news. Importantly, as a result of the BDC structure, dividends are classified as both ordinary and Therefore, company sales should be viewed as extra upside rather than a core business. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Main Street Capital Corporation also invests in the private debt of middle … If a stock is valued near, or slightly below the market average, research has shown that the market expects the stockâs dividend to increase. 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. That's quite an attractive number from the lender's perspective. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. These bigger, more stable businesses help generate consistent income to support the dividend. The timing of new investments and portfolio-company sales can be "lumpy" -- to use Magdol's words. With an average loan size of $10.7 million, the 62 companies in the private loan portfolio make up 25% of the total portfolio. Municipal bonds news, reports, video and more. Now, the COVID-19 pandemic has impacted the business of most BDCs. Main Street paid off a $175 million loan this month. A cash dividend payment of $0.205 per share is … 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. (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.) Stock Advisor launched in February of 2002. 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. There are 30 stocks going ex-dividend this week starting Monday, April 16. Better yet, Main Street Capital Corporation pays monthly dividends. Monthly payments from Monthly Payers âºâº, Monthly payments from Quarterly Payers âºâº. Buy the Stock One Day Before the Ex-Dividend Date. If a stockâs yield is above or near the market average then it will be rated higher within this parameter. Main Street Capital Corporation, on the other hand, currently offers an annual dividend yield of 7.7%. Main Street claims its internal management delivers significant cost advantages relative to its BDC peers and commercial banks. 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. Talk about diversification! Find the latest dividend history for Main Street Capital Corporation Common Stock (MAIN) at Nasdaq.com. ... Main Street Capital Corp MAIN Morningstar Rating Rating as of Jan 1, 2021. 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. Enhance retirement outcomes with helpful tactics. To see all exchange delays and terms of use, please see disclaimer. $10,000. BDCs pocket the difference between the borrowing and lending rates. Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more. Upgrade to Premium to access your Watchlist and more. The next Main Street Capital Corporation dividend will go ex tomorrow for 20.5c and will be paid in 12 days . The time remaining before the next ex-dividend date. Main Street Capital has a relatively simple dividend policy. So essentially, the company’s annualized dividend has grown by 86.4% since its IPO. Learn from industry thought leaders and expert market participants. There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.0. Commercial banks fared a bit better at approximately 2.5%. Owning shares in a company means that Main Street is a partial owner. Make short-term dividend income. Based on its track record of performance, Main Street appears to be a solid dividend-yielding investment. View Payout Estimates For The Next 12 Months. If a future payout has not been declared, The Dividend Shot Clock will not be set. 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. Dividend stocks making payouts in the next 10 business days and have a history of rebounding in price shortly thereater. The previous Main Street Capital Corporation dividend was 20.5c and it went ex 1 month ago and it was paid 19 days ago . Loans make up the lion's share of the investment portfolio. In December, it added another $75 million in debt to the $150 million loan financing it took out in April of 2019. Of course, economic headwinds, such as a recession, could impair some of its portfolio, creating pressure on both the dividend and stock price. Its supplemental dividends are paid from any capital gains from its portfolio, which are less regular. Additionally, four companies were sold so far in 2019. This should smooth out any rough patches as various industries cycle through prosperous and challenging times. Annualized Dividend is a standard in finance that lets you compare companies that have different payout frequencies. Become a Premium Member to âstickâ up to 3 rows and access more exclusive benefits. We like that. You take care of your investments. This should smooth out any rough patches as various industries cycle through prosperous and challenging times. 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. Market data powered by FactSet and Web Financial Group. the regular monthly dividend. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. Reproduction of such information in any form is prohibited. Main Street Capital Corporation (MAIN) is a great example of this. As of the end of the last quarter, Main Street's portfolio included 182 companies from more than 50 industries. Currently, the dividend yields $0.205 per share monthly, with a supplemental dividend … Browse our guide to explore. Next, Main Street provides debt to larger middle-market companies. About Main Street Capital Corporation. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. To account for that risk, Main Street's portfolio averages around 11.3%. 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. The second reason is the company’s payout frequency. ET by Tomi Kilgore Dividend stocks are investing’s holy grail Portfolio management news, reports, video and more. 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. 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. 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. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Main Street Capital a Great Dividend Stock? Stay up to date with the most recent news, events and presentations from Main Street Capital Corporation (NYSE: MAIN). Main Street's LMM portfolio investments consist of secured debt, equity warrants and direct equity investments in privately held LMM companies. Chart. 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 stock will then go ex-dividend 1 … The issuer, in this case Main Street, allocates a certain number of shares that it's willing to potentially sell. It was also announced that shareholders of Main Street Capital's … Build conviction from in-depth coverage of the best dividend stocks. Main Street says more than 175,000 lower middle-market businesses operate in the U.S. Main Street has effectively used ATMs to raise capital as far back as 2015. Its operating costs as a percentage of total assets was roughly 1.25%. Dividend (TTM) is a widely used stock evaluation measure. 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. For the first nine months of the year, Main Street netted $53.8 million by using the ATM. It doesn't have to happen all at once. @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. Review MAIN (XNYS) dividend yield and history, to decide if MAIN is the best investment for you. A stockâs Dividend Uptrend rating is dependent on the companyâs price-to-earnings (P/E) ratio to evaluate whether or not a stockâs dividend is likely to trend upward. For its BDC peers with over $500 million in total assets, that number exceeded 3%. Main Street distributes dividends monthly and issues a supplemental dividend twice a year. 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.Â Two-thirds of the equity investments pay out dividends. Returns as of 01/06/2021. Currently, the dividend yields $0.205 per share monthly, with a supplemental dividend of $0.24 per share. Compare MAIN to Popular Financials Sector Dividend Funds, Compare MAIN to Popular Financials Sector Dividend ETFs. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. Please help us personalize your experience. This article highlights securities of all types that are yielding more than 5%. 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. In addition to the lower middle market, Main Street has two other business segments. With the addition of two semi-annual dividends, the current yield is 8%. Â© 2020 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. Its average ownership stake is 41%. Dividend Summary. While four companies were sold this year, Main Street's portfolio includes 67 equity ownership positions. Over the past year, Main Street Capital has seen its dividend payouts remain the same and its yields climb upward overall. Main Street put nearly $550 million to work in 52 companies, resulting in a weighted average yield of 8.9%. Its private loan strategy issues debt to private companies introduced through strategic relationships or in collaboration with other investment funds. MAIN Dividends Get information about Main Street Capital dividends and ex-dividend dates. Main Street Capital started at outperform with $32 stock price target at RBC Capital Sep. 22, 2015 at 10:30 a.m. Simply put, BDCs raise capital through debt and equity and then turn around to lend it out at a higher interest rate. 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 (MAIN) Dividend History Main Street Capital … 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. Note that net investment income has roughly matched its … On November 3, 2020, Main Street Capital (NYSE: MAIN) announced shareholders can expect to receive a dividend payable on March 15, 2021. Main Street receives regular installment payments over the life of the loan, just as you would expect with a mortgage or car payment. Talk about diversification! Further, Main Street raised $9.3 million in the third quarter through its at-the-market (ATM) equity issuance program. On November 3, 2020, Main Street Capital (NYSE: MAIN) announced shareholders can expect to receive a dividend payable on March 15, 2021. Hand picked by analysts based on Dividend.com rating system. The relative strength of a dividend stock indicates whether the stock is uptrending or not. Main Street Capital (NYSE:MAIN) provides both illiquid debt and equity funding, primarily to lower middle-market companies. Last year on October 28, … Taken together, though, Main Street has grown its dividend and net asset value. * Annualized return assumes initial investment is continually reinvested in similar BDC stocks. This BDC has a current annualized dividend yield of 6.7%. Main Street Capital Corporation (MSCC) is a principal investment firm. 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. Dividend.Com does not issue recommendations or offers to buy stock or sell company. Loans to these entities carry high interest rates holding period for investments last. Does not issue recommendations or offers to buy stock or sell any security and. Internal management delivers significant cost advantages relative to its shareholders or sell any security portfolio investments of... % yield on a stock trading around $ 43 smooth out any rough as! Declare date, ex-div, record, pay, frequency, amount holy grail Main dividends Get about... 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