#8 - Main Street Capital (NYSE:MAIN)
Main Street Capital (NYSE: MAIN) - Current dividend yield: 6.27% - Other than utilities and REITs another popular sector to find attractive monthly dividend stocks is in Business Development Corporations (BDCs). With over $4 billion currently under management, Main Street Capital is one of the major players. MAIN is a great source of dividend safety having never cut its dividend, which is one of the concerns that investors have when investing in a BDC. MAIN has taken a conservative approach by issuing a special dividend twice a year. However, in November, 2018 the company announced plans to phase out that dividend over the next five years and will roll it into their normal monthly dividend. This will make the already attractive company that much more attractive. BDCs in general have been outperforming the S&P 500 in 2019 and Main Street Capital is no exception reporting a current gain of over 10.5% YTD. The company has seen its income rise in 12 of the last 13 years, including a 16% growth rate in the five years ending in 2017.
About Main Street Capital
Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.
Read More - Current Price
- $53.97
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $48.80 (9.6% Downside)
