Main Street Capital Corporation (MAIN) announced that its Board of Directors declared monthly dividends of $0.14 per share for each of April, May
and June 2012. These monthly dividends, which will be payable pursuant to the table below, equal a total of $0.42 per share for the second quarter of 2012. The second quarter 2012 dividends represent a 7.7% increase from the dividends declared for the second quarter of 2011 and a 3.7% increase compared to the first quarter of 2012. Including the dividends declared for the second quarter of 2012, Main Street will have paid $7.14 per share in cumulative dividends since its October 2007 initial public offering.
MAIN is trading at $24.83 with an annual dividend yield of 6.8% paid on a monthly basis. It has a PE of 9.3 and a market cap of $662 million. MAIN has an equity summary score of 10 out of 10 for a very bullish outlook. On 03/08/12, the company announced quarterly earnings of 0.45 per share, a positive surprise of 9.2% above the consensus 0.41. Over the past 4 quarters, the company has reported 4 positive (>2%), 0 negative(<-2%), and 0 in-line (within 2%) surprises. The average surprise for this time period has been 14.7%. MAIN’s current quarter consensus estimate has remained relatively unchanged over the past 90 days at 0.42. Estimates within its Industry have moved an average of 0.0% during the same time period. During the past four weeks, analysts covering MAIN have made no upward or downward EPS estimate revisions for the current quarter. Ativo Research projects as of this date that MAIN will GREATLY OUTPERFORM the market averages over the next 6 to 12 months leading to our decision of a STRONG BUY.
Main Street Capital Corporation (MSCC) is a principal investment firm focused on providing customized financing solutions to lower middle-market companies with annual revenues between $10 million and $100 million. The Company was formed for the purpose of acquiring 100% of the equity interests of Main Street Mezzanine Fund, LP (MSMF) and its general partner, Main Street Mezzanine Management, LLC (MSMF GP); acquiring 100% of the equity interests of Main Street Capital Partners, LLC (the Investment Manager); raising capital in an initial public offering (IPO), which was completed in October 2007, and thereafter operating as an internally managed business development company (BDC). MSMF is licensed as a Small Business Investment Company (SBIC) by the United States Small Business Administration (SBA) and the Investment Manager acts as MSMF’s manager and investment adviser. The Company invests primarily in secured debt instruments, equity y investments, warrants and other securities.