Main Street increases Monthly Dividends Again in Q3

Main Street Capital Corporation (MAIN) announced today that its Board of Directors declared monthly dividends of $0.145 per share for each of July, August and September 2012. These monthly dividends equal a total of $0.435 per share for the third quarter of 2012. The third quarter 2012 dividends represent an 11.5% increase from the dividends declared for the third quarter of 2011 and a 3.6% increase compared to the second quarter of 2012. Including the dividends declared for the third quarter of 2012, Main Street will have paid $7.58 per share in cumulative dividends since its October 2007 initial public offering.

MAIN is trading at $25.68 with a market cap of $695 million.  MAIN has a current annual dividend yield of 6.5% that is paid monthly.  MAIN will report Q1 earnings on May 3.  MAIN has had a positive EPS surprise in 7 straight quarters so this is one stock to watch this week.

Last post for MAIN Dividend Increase.

Main Street Capital Corporation (MSCC) is a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies with annual revenues between $10 million and $100 million that operate in diverse industries. The Company invests primarily in secured debt instruments, equity investments, warrants and other securities of LMM companies based in the United States. Its principal investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and capital appreciation from its equity and equity-related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.