Main Street Capital: A High-Yield Monthly Powerhouse I'm Eager To Buy When The Time Is Right
Main Street Capital is a top-tier BDC known for its consistent monthly dividends, even during economic downturns. This makes it ideal for income-focused investors. MAIN's internally managed structure, equity co-investment strategy, and conservative balance sheet ensure superior dividend safety and moderate yield compared to peers. MAIN's NAV premium is a distinct cost of capital advantage that historically allowed it to grow earnings and deliver strong returns.
Main Street Capital: Think Twice Before Selling
Main Street Capital's regular DPS coverage is robust, maintaining 135% currently and over 120% even when faced with substantial interest rate cuts. MAIN's valuation is stretched; I don't recommend reinvesting now but recognize its long-term value for existing shareholders. Despite the market's concerns, I recommend holding on to MAIN - especially to those investors who secured attractive yield-on-cost.
Main Street Capital: Price Matters Even For 'First Class', Hence I'm Selling
Main Street Capital is a top-tier BDC with a strong fundamental base but trades at a high P/NAV multiple of 1.93x. MAIN's conservative capital structure and positive NAV growth are significant assets, but its total yield of 7.3% is low compared to the sector average. MAIN's high premium is hard to justify given current market headwinds, including lower base rates, tighter spreads, and increased risk of corporate bankruptcies.
Passive Income Seekers Should Look at These Monthly Dividend Paying Stocks
Dividend stocks are gaining popularity again due to the recent wave of bearishness in the stock market.
MSIF: Similar To MAIN, Just Better
MSC Income Fund (MSIF) is a newly publicly traded BDC with a very similar strategy and portfolio as MAIN. In fact it is externally managed by MAIN. Yet, the most notable difference lies in the P/NAV multiples. For MSIF the metric stands at 1.1x, while for MAIN at 1.9x. In the article I share several reasons why I like MSIF much better than MAIN and why I will likely add it to my actual BDC portfolio by the end of this month.
Main Street Capital's Q4 Earnings Miss, Expenses Increase Y/Y
MAIN's results are affected by increased expenses. Yet, an improvement in the total investment income acts as a tailwind.
Main Street Capital Corporation (MAIN) Q4 2024 Earnings Call Transcript
Main Street Capital Corporation (NYSE:MAIN ) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Zach Vaughan - IR, Dennard Lascar Associates LLC Dwayne Hyzak - CEO David Magdal - President and Chief Investment Officer Ryan Nelson - CFO Nick Meserve - MD and Head of Main Street's Private Credit Investment Group Conference Call Participants Robert Dodd - Raymond James Kenneth Lee - RBC Capital Markets Mark Hughes - Truist Securities Douglas Harter - UBS Operator Greetings, and welcome to the Main Street Capital Fourth Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.
Main Street Capital (MAIN) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Main Street Capital (MAIN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Main Street Capital (MAIN) Lags Q4 Earnings and Revenue Estimates
Main Street Capital (MAIN) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.07 per share a year ago.
Unveiling Main Street Capital (MAIN) Q4 Outlook: Wall Street Estimates for Key Metrics
Evaluate the expected performance of Main Street Capital (MAIN) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Main Street Capital (MAIN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Main Street Capital (MAIN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
2 Solid Passive Income Stocks That Paid Dividends Monthly
You can buy a bunch of stocks that pay quarterly dividends and set it up in such a way that you get monthly dividends.
