Regular Monthly Dividends of $0.25 Per Share for each of January, February and March 2025Monthly Dividends Represent a 2.0% Increase Compared to Fourth Quarter 2024 and a 4.2% Increase Compared to First Quarter 2024Supplemental Dividend of $0.30 Per Share Payable in December 2024HOUSTON, Nov. 5, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.25 per share for each of January, Fe ...

Company Performance - Main Street Capital (MAIN) closed at $51.57, reflecting a +0.45% change from the previous trading day's close, outperforming the S&P 500's daily loss of 0.33% [1] - Over the past month, shares of Main Street Capital have gained 2.54%, surpassing the Finance sector's loss of 5.18% and the S&P 500's gain of 1.83% [2] Upcoming Earnings - The upcoming earnings report for Main Street Capital is expected on November 7, 2024, with analysts forecasting earnings of $1.02 per share, indicating a year-over-year growth of 3.03% [3] - Revenue is projected to be $137.57 million, reflecting an 11.63% increase compared to the same quarter of the previous year [3] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $4.12 per share, showing a change of -0.48% from the previous year, while revenue is expected to be $543.18 million, indicating an 8.55% growth [4] Analyst Estimates and Rankings - Recent changes to analyst estimates for Main Street Capital indicate a positive outlook on the company's business operations and profit generation capabilities [5] - The Zacks Rank system currently assigns Main Street Capital a rank of 4 (Sell), with the consensus EPS estimate remaining steady over the past month [7] Valuation Metrics - Main Street Capital is trading at a Forward P/E ratio of 12.45, which is a premium compared to its industry's Forward P/E of 7.91 [8] - The Financial - SBIC & Commercial Industry, part of the Finance sector, has a Zacks Industry Rank of 203, placing it in the bottom 20% of over 250 industries [8]

Income Investment Strategy - The income aspect of investing is crucial for offsetting living cost increases, especially in a high inflation environment [1] - A hybrid investment strategy combining classic dividend growth stocks, Business Development Companies, REITs, and Closed End Funds can enhance investment income while achieving total returns comparable to traditional index funds [1] - The approach aims to inspire average workers that early retirement is achievable without compromising portfolio safety [1]

Core Viewpoint - Main Street Capital Corporation reported strong operating results for Q3 2024, achieving a record net asset value per share for the ninth consecutive quarter and exceeding dividends paid to shareholders with distributable net investment income [2][3] Financial Performance - Estimated net investment income (NII) for Q3 2024 is projected to be between $0.99 and $1.01 per share, while distributable net investment income (DNII) is estimated at $1.05 to $1.07 per share [3] - The net asset value (NAV) per share as of September 30, 2024, is estimated to be between $30.54 and $30.60, reflecting an increase of $0.74 to $0.80 per share, or 2.5% to 2.7%, from the previous quarter [3] - The company anticipates a quarterly annualized return on equity of 18% to 20% for Q3 2024 [4] Dividend Information - Total dividends paid to shareholders in Q3 2024 increased by 7.3% compared to Q3 2023, continuing a trend of dividend increases over recent years [2] - Estimated distributable net investment income for Q3 2024 exceeded monthly dividends paid by over 43% and total dividends by over 2% [2] - A meaningful supplemental dividend is expected to be paid in Q4 2024, marking the thirteenth consecutive quarterly supplemental dividend [2] Investment Portfolio Activity - The company made $51.6 million in total lower middle market portfolio investments, resulting in a net increase of $2.0 million in the total cost basis of the LMM investment portfolio [5] - Total private loan investments amounted to $309.3 million, with a net increase of $162.7 million in the total cost basis of the private loan investment portfolio [6] - There was a net decrease of $4.3 million in the total cost basis of the middle market investment portfolio [6] Upcoming Events - Main Street's Q3 2024 results will be released on November 7, 2024, with a conference call scheduled for November 8, 2024, at 10:00 a.m. Eastern time [7][8]

HOUSTON, Oct. 10, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the third quarter of 2024, Main Street originated new or increased commitments in its private loan portfolio of $270.3 million and funded total investments across its private loan portfolio with a cost basis totaling $309.3 million. The following represent notable new private loan commitments and investments during the ...

Group 1 - Main Street Capital Corporation's subsidiary MSCC Funding has increased its revolving credit facility commitments from $430.0 million to $600.0 million, with the potential to expand up to $800.0 million [1] - The amendment extends the revolving period through September 2027 and the final maturity date to September 2029 [1] - The interest rate during the revolving period has been reduced to one-month Term SOFR plus 2.35%, down from SOFR plus 2.60% [1] Group 2 - Main Street Capital Corporation primarily provides long-term debt and equity capital to lower middle market companies, with portfolio companies typically generating annual revenues between $10 million and $150 million [2] - The company also engages in asset management through its wholly owned portfolio company MSC Adviser I, LLC, which manages investments for external parties [3]

Main Street Capital (MAIN) ended the recent trading session at $49.95, demonstrating a +0.95% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Shares of the investment firm have appreciated by 0.47% over the course of the past month, underperforming the Finance sector's gain of 4.89% and the S&P 500's gain of 4.86%. The investment community will be paying close attention to the earnin ...

HOUSTON, Sept. 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of an additional $100 million in aggregate principal amount of its 6.50% notes due 2027 (the "Notes"). The Notes are being issued at a premium to par at a public offering price of 102.134% of the principal amount per Note, resulting in estimated gross proceeds of approximately $102.1 million and a yield-to-maturity of 5.617%. The Notes ...

Core Viewpoint - The current high interest rates present an opportunity for retirement investors to secure meaningful dividend yields, but these yields may not last long as rates are expected to decline in the future [2][3]. Interest Rate Environment - The likelihood of interest rates decreasing is high, with potential cuts around 100 basis points, which would still leave yields at acceptable levels for income investors [2]. - Current yields are attractive compared to the ultra-low interest rate environment, making it a favorable time for retirement income investors to deploy capital [3]. Investment Opportunities - Higher interest rates have increased yields on bonds and equities, making high-quality stocks more appealing for conservative retirement investors [3]. - Specific criteria for sound retirement investments include attractive yields exceeding inflation, steady growth of yields, robust cash flow generation, and well-capitalized balance sheets [3]. Company Analysis: Main Street Capital (MAIN) - MAIN is a leading Business Development Company (BDC) with a net asset value (NAV) of approximately $2.6 billion and a forward annualized dividend yield of around 8.4% [4]. - Despite a premium over NAV (P/NAV of 1.6x), MAIN's strong credit metrics and portfolio quality make it a solid choice for defensive yield-driven strategies [4]. - MAIN's leverage metrics are strong, with a senior leverage of 2.8x EBITDA and total leverage of 2.9x EBITDA, providing a robust risk profile [4]. - The company has significant unrealized appreciation, estimated at $6.00 per share, which can support dividend coverage of approximately 140% [4]. Company Analysis: Plains All American Pipeline (PAA) - PAA is a mid-sized Master Limited Partnership (MLP) with a market cap of $12.2 billion, focusing on midstream energy infrastructure [5]. - The current yield of approximately 7.3% is attractive, supported by strong cash flows and a solid capital structure [5]. - PAA benefits from long-term offtake agreements that ensure stable cash generation, with expected adjusted free cash flow for 2024 at $1.55 billion [5]. - The company has a dividend distribution coverage of 190%, indicating potential for significant dividend increases in the future [5]. Conclusion - The current interest rate environment allows for favorable conditions for high yield investors to secure dividends with low risk, making it an opportune time for conservative retirement investors to consider active capital deployment [6]. - MAIN and PAA exemplify the necessary defensive characteristics while offering dividends above the high yield index [6].

Dilok Klaisataporn If you are not new to Main Street Capital (NYSE:MAIN) or the BDC sector, please feel free to skip the first section of this article, as it was prepared with newcomers in mind. Let me brief you on what we have on the agenda today: My investment thesis (summary of what's next to come) Let's Talk Risk Before Tackling Return Potential MAIN's portfolio structure & diversification The matter of rising non-accruals Increased market volatility lurks behind the corner Three reasons why MAIN will m ...