Announcement • Apr 17
Main Street Capital Corporation Provides Earnings Guidance for the First Quarter 2026 Main Street Capital Corporation provided earnings guidance for the first quarter 2026. For the quarter, the company expects net investment income ("NII") is $0.91 to $0.95 per share distributable net investment income ("DNII") is $0.98 to $1.02 per share. Announcement • Apr 16
Main Street Capital Corporation to Report Q1, 2026 Results on May 07, 2026 Main Street Capital Corporation announced that they will report Q1, 2026 results After-Market on May 07, 2026 Announcement • Apr 10
Main Street Capital Corporation announced that it expects to receive $150 million in funding Main Street Capital Corporation announced that it has entered into a Master Note Purchase Agreement with certain qualified institutional investors for gross proceeds of $150,000,000 on April 8, 2026. The company issues Series A Notes bear a fixed interest rate of 6.93% per year and mature on April 15, 2031. The interest on the Series A Notes will be due semiannually on April 15 and October 15 each year, beginning on October 15, 2026. The Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement. Announcement • Mar 24
Main Street Capital Corporation, Annual General Meeting, May 04, 2026 Main Street Capital Corporation, Annual General Meeting, May 04, 2026. Location: hotel emma, cellar j, 136 east grayson street, san antonio, texas 78215, United States Announcement • Jan 10
TerraVest Industries Inc. (TSX:TVK) acquired KBK Industries, LLC from Main Street Capital Corporation (NYSE:MAIN) and Ashland Capital Partners, LLC for $90 million. TerraVest Industries Inc. (TSX:TVK) acquired KBK Industries, LLC from Main Street Capital Corporation (NYSE:MAIN) and Ashland Capital Partners, LLC for $90 million on January 9, 2026. A cash consideration of $90 million will be paid by TerraVest Industries Inc, subject to a working capital adjustment approximately 90 days post-closing. TerraVest utilized its existing credit facility to fund the acquisition of KBK.
The transaction reflects TEV/EBITDA multiple of 5.6x.
TerraVest Industries Inc. (TSX:TVK) completed the acquisition of KBK Industries, LLC from Main Street Capital Corporation (NYSE:MAIN) and Ashland Capital Partners, LLC on January 9, 2026. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Dunia Shive was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 06
Main Street Capital Corporation Declares Supplemental Cash Dividend, Payable on December 29, 2025 Main Street Capital Corporation declared a supplemental cash dividend of $0.30 per share payable in December 2025. This supplemental cash dividend, which will be payable as set forth in the table below, will be paid out of Main Street's undistributed taxable income (taxable income in excess of dividends paid) as of September 30, 2025. Ex-Dividend Date: December 22, 2025; Record Date: December 22, 2025; and Payment Date: December 29, 2025. Announcement • Nov 05
Main Street Capital Corporation Declares Monthly Dividend for January, February and March 2026, Payable on January 15, 2026, February 13, 2026 and March 13, 2026 Main Street Capital Corporation announced that its Board of Directors declared regular monthly cash dividends of $0.26 per share for each of January, February and March 2026. These monthly dividends, which will be payable pursuant to the table below, total $0.78 per share for the first quarter of 2026 and represent a 2.0% increase from the regular monthly dividends declared for the fourth quarter of 2025 and a 4.0% increase from the regular monthly dividends paid in the first quarter of 2025. Ex-Dividend Date: January 8, 2026, February 6, 2026 and March 6, 2026; Record Date: January 8, 2026, February 6, 2026 and March 6, 2026; Payment Date: January 15, 2026, February 13, 2026 and March 13, 2026. Announcement • Jul 17
Main Street Capital Corporation to Report Q2, 2025 Results on Aug 07, 2025 Main Street Capital Corporation announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Announcement • May 13
An undisclosed buyer acquired an unknown minority stake in Nebraska Vet AcquireCo, LLC from Main Street Capital Corporation (NYSE:MAIN). An undisclosed buyer acquired an unknown minority stake in Nebraska Vet AcquireCo, LLC from Main Street Capital Corporation (NYSE:MAIN) on May 12, 2025.
An undisclosed buyer completed the acquisition of an unknown minority stake in Nebraska Vet AcquireCo, LLC from Main Street Capital Corporation (NYSE:MAIN) on May 12, 2025. Announcement • May 09
Main Street Capital Corporation Declares Dividend for the July 2025, Payable on July 15, 2025 Main Street Capital Corporation declared dividend of $0.255 per share for the July 2025. Ex Dividend date is July 8, 2025, Record Date is July 8, 2025 and Payment Date is July 15, 2025. Announcement • May 02
Payward, Inc. completed the acquisition of NinjaTrader, LLC from Long Ridge Equity Partners LLC and others. Payward, Inc. agreed to acquire NinjaTrader, LLC from Long Ridge Equity Partners LLC and others for $1.5 billion on March 20, 2025. NinjaTrader will continue to operate as a standalone platform under the Kraken suite of trading and payments applications. The transaction is subject to customary closing conditions and is expected to close in the first half of 2025.
PJT Partners Inc. acted as financial advisor for Payward, Inc. Randi Lesnick and Cameron Reese of Jones Day acted as legal advisor for Payward, Inc. Lowenstein Sandler LLP acted as legal advisor for Payward, Inc. Jefferies LLC acted as financial advisor for NinjaTrader, LLC. Choate, Hall & Stewart LLP acted as legal advisor for NinjaTrader, LLC. Katten Muchin Rosenman LLP acted as legal advisor for NinjaTrader, LLC.
Payward, Inc. completed the acquisition of NinjaTrader, LLC from Long Ridge Equity Partners LLC and others on May 1, 2025. NinjaTrader capabilities will be integrated into Kraken Pro and Kraken Desktop. Announcement • Apr 17
Main Street Capital Corporation Provides Preliminary Earnings Guidance for the First Quarter of 2025 Main Street's preliminary estimate of first quarter 2025 net investment income (NII) is $1.00 to $1.02 per share and distributable net investment income (DNII) is $1.06 to $1.08 per share. Announcement • Apr 16
Main Street Capital Corporation to Report Q1, 2025 Results on May 08, 2025 Main Street Capital Corporation announced that they will report Q1, 2025 results After-Market on May 08, 2025 Announcement • Mar 25
Main Street Capital Corporation, Annual General Meeting, May 05, 2025 Main Street Capital Corporation, Annual General Meeting, May 05, 2025. Location: hotel emma, cellar j, 136 east grayson, texas 78215, san antonio United States Announcement • Mar 20
Payward, Inc. agreed to acquire NinjaTrader, LLC from Long Ridge Equity Partners LLC and others for $1.5 billion. Payward, Inc. agreed to acquire NinjaTrader, LLC from Long Ridge Equity Partners LLC and others for $1.5 billion on March 20, 2025. NinjaTrader will continue to operate as a standalone platform under the Kraken suite of trading and payments applications. The transaction is subject to customary closing conditions and is expected to close in the first half of 2025.
PJT Partners Inc. acted as financial advisor for Payward, Inc. Jones Day acted as legal advisor for Payward, Inc. Lowenstein Sandler LLP acted as legal advisor for Payward, Inc. Jefferies LLC acted as financial advisor for NinjaTrader, LLC. Choate, Hall & Stewart LLP acted as legal advisor for NinjaTrader, LLC. Katten Muchin Rosenman LLP acted as legal advisor for NinjaTrader, LLC. Announcement • Feb 27
Main Street Capital Corporation Announces Supplemental Cash Dividend, Payable on March 27, 2025 Main Street Capital Corporation announced in addition to the regular monthly dividends for the second quarter of 2025, the Board of Directors declared a supplemental cash dividend of $0.30 per share. payable in March 2025. This supplemental cash dividend, which will be payable as set out in the table below, will be paid out of Main Street's undistributed taxable income (taxable income in excess of dividends paid) as of December 31, 2024. Payable on March 27, 2025. Record date: March 20, 2025 and Ex-date: March 20, 2025. Announcement • Feb 26
Main Street Announces Monthly Dividend for April, May and June 2025 , Payable on April 15, 2025, May 14, 2025 and June 14, 2025 Respectively Main Street Capital Corporation announced that its Board of Directors declared regular monthly cash dividends of $0.25 per share for each of April, May and June 2025. Payable on April 15, 2025, May 14, 2025 and June 14, 2025 Respectively. Record dates: April 8, 2025, May 8, 2025 and June 8, 2025 Respectively and Ex-dates: April 8, 2025, May 8, 2025 and June 8, 2025. Respectively. Announcement • Jan 16
Main Street Capital Corporation to Report Q4, 2024 Results on Feb 27, 2025 Main Street Capital Corporation announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Announcement • Jan 08
Coalesce Capital Management, LLC acquired an unknown majority stake in Pearl Meyer & Partners, LLC from Main Street Capital Corporation (NYSE:MAIN) through a majority recapitalization. Coalesce Capital Management, LLC acquired an unknown majority stake in Pearl Meyer & Partners, LLC from Main Street Capital Corporation (NYSE:MAIN) through a majority recapitalization on January 6, 2025. Main Street Capital Corporation (NYSE:MAIN) realized a gain of $53.7 million on the exit of its equity investment in Pearl Meyer with this realized value representing an increase of $6.2 million above Main Street's fair market value for this investment as of September 30, 2024. Main Street earned $31.6 million in dividends from its equity investment in Pearl Meyer & Partners, LLC. Combining the realized gain and dividends, the equity investment delivered a 69.0% annual IRR and a 7.7x return on money invested. Including both debt and equity investments, Main Street Capital Corporation (NYSE:MAIN) achieved a 32.7% annual IRR and a 2.1x total return. Citizens Financial Group, Inc. (NYSE:CFG) served as the financial advisor and Locke Lord LLP served as legal advisor to Pearl Meyer and its shareholders. Ropes & Gray, LLP served as legal advisor to Coalesce Capital.
Coalesce Capital Management, LLC completed the acquisition of an unknown majority stake in Pearl Meyer & Partners, LLC from Main Street Capital Corporation (NYSE:MAIN) ) through a majority recapitalization on January 6, 2025. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Dunia Shive was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 16
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 6th December 2024 Payment date: 13th December 2024 Dividend yield will be 7.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 37% over the next 2 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Declared Dividend • Oct 16
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 8th November 2024 Payment date: 15th November 2024 Dividend yield will be 8.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 43% over the next 3 years. Since a fall of 41% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Oct 15
Main Street Capital Corporation to Report Q3, 2024 Results on Nov 07, 2024 Main Street Capital Corporation announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2024 Declared Dividend • Sep 21
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 8th October 2024 Payment date: 15th October 2024 Dividend yield will be 8.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 43% over the next 3 years. Since a fall of 41% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Declared Dividend • Sep 07
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 20th September 2024 Payment date: 27th September 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 43% over the next 3 years. Since a fall of 41% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 8.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Upcoming Dividend • Aug 01
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Announcement • Jul 16
Main Street Capital Corporation to Report Q2, 2024 Results on Aug 08, 2024 Main Street Capital Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Declared Dividend • Jul 09
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 8th August 2024 Payment date: 15th August 2024 Dividend yield will be 7.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (230% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Jun 22
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 8th July 2024 Payment date: 15th July 2024 Dividend yield will be 8.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (230% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Jun 14
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.8%). Declared Dividend • Jun 08
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 21st June 2024 Payment date: 27th June 2024 Dividend yield will be 8.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (230% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • May 31
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.8%). Announcement • May 29
The HC Companies, Inc. acquired Classic Home & Garden LLC from Fred Ryan. The HC Companies, Inc. acquired Classic Home & Garden LLC from Fred Ryan on May 28, 2024. CHG owner and CEO Fred Ryan will remain a significant investor in the combined business and will serve as President. Willkie Farr & Gallagher LLP served as legal counsel and Alston & Bird LLP served as financing counsel to HC Companies on the CHG acquisition. Stout served as financial advisor to HC Companies. Berkowitz, Trager & Trager, LLC and Locke Lord LLP served as legal counsels to CHG. Piper Sandler Companies served as CHG's sell-side financial advisor.
The HC Companies, Inc. completed the acquisition of Classic Home & Garden LLC from Fred Ryan on May 28, 2024. Buy Or Sell Opportunity • May 12
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €46.37. The fair value is estimated to be €58.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 4.5% in a year. Earnings are forecast to decline by 21% in the next year. Declared Dividend • May 08
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 7th June 2024 Payment date: 14th June 2024 Dividend yield will be 7.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 2 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 17
Main Street Capital Corporation to Report Q1, 2024 Results on May 09, 2024 Main Street Capital Corporation announced that they will report Q1, 2024 results After-Market on May 09, 2024 Announcement • Apr 16
Main Street Capital Corporation Provides Preliminary Earnings Guidance for the First Quarter of 2024 Main Street Capital Corporation provided preliminary earnings guidance for the first quarter of 2024. The company’s preliminary estimate of first quarter 2024 net investment income (NII) is $1.04 to $1.06 per share and distributable net investment income (DNII) is $1.10 to $1.12 per share. Declared Dividend • Apr 06
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 7th May 2024 Payment date: 15th May 2024 Dividend yield will be 8.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 26
Main Street Capital Corporation, Annual General Meeting, May 06, 2024 Main Street Capital Corporation, Annual General Meeting, May 06, 2024, at 09:00 Central Daylight. Location: Hotel Emma, Cellar J, 136 East Grayson, San Antonio Texas 78215 San Antonio Texas United States Agenda: To consider the election of directors for a term of one year; to consider and to ratify appointment of Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2024; to consider and to provide an advisory vote on executive compensation; and to consider other matters. Declared Dividend • Mar 20
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 5th April 2024 Payment date: 15th April 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Mar 12
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 95%. Trailing yield: 7.9%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%). Declared Dividend • Mar 08
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 19th March 2024 Payment date: 27th March 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Recent Insider Transactions • Mar 06
Executive VP recently sold €1.2m worth of stock On the 4th of March, Jason Beauvais sold around 28k shares on-market at roughly €41.95 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 95%. Trailing yield: 8.0%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.1%). New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (215% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Declared Dividend • Feb 08
Dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 7th March 2024 Payment date: 15th March 2024 Dividend yield will be 7.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (215% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 2 years. However, it would need to fall by 39% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.24 per share at 7.9% yield Eligible shareholders must have bought the stock before 07 February 2024. Payment date: 15 February 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.7%). Upcoming Dividend • Dec 28
Upcoming dividend of US$0.24 per share at 8.4% yield Eligible shareholders must have bought the stock before 04 January 2024. Payment date: 12 January 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 8.4%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.7%). Upcoming Dividend • Dec 12
Upcoming dividend of US$0.28 per share at 8.7% yield Eligible shareholders must have bought the stock before 19 December 2023. Payment date: 27 December 2023. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 8.7%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.8%). Upcoming Dividend • Nov 30
Upcoming dividend of US$0.23 per share at 8.9% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 8.9%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%). Upcoming Dividend • Oct 31
Upcoming dividend of US$0.23 per share at 7.4% yield Eligible shareholders must have bought the stock before 07 November 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%). Announcement • Oct 18
Main Street Capital Corporation to Report Q3, 2023 Results on Nov 02, 2023 Main Street Capital Corporation announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Upcoming Dividend • Sep 28
Upcoming dividend of US$0.23 per share at 7.0% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). Upcoming Dividend • Sep 12
Upcoming dividend of US$0.28 per share at 6.9% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). Upcoming Dividend • Aug 31
Upcoming dividend of US$0.23 per share at 7.0% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Buying Opportunity • Aug 04
Now 21% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be €48.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 32% in the next year. Announcement • Aug 04
Main Street Capital Corporation Declares Regular Monthly Cash Dividend for Each of October, November and December 2023, Payable on October 13 2023, November 15 2023 and December 15 2023 Respectively Main Street Capital Corporation declared regular monthly cash dividends of $0.235 per share for each of October, November and December 2023.Ex dividend date is October 5, 2023, November 7 2023 and December 7 2023 and Record date is on October 6 2023, November 8 2023 and December 8 2023 and payment date is on October 13 2023, November 15 2023 and December 15 2023. Upcoming Dividend • Jul 31
Upcoming dividend of US$0.23 per share at 7.8% yield Eligible shareholders must have bought the stock before 07 August 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%). Announcement • Jul 21
Main Street Capital Corporation Provides Earnings Guidance for the Second Quarter of 2023 Main Street Capital Corporation provided earnings guidance for the second quarter of 2023. The company's preliminary estimates of second quarter 2023 net investment income is $1.05 to $1.07 per share and distributable net investment income is $1.11 to $1.13 per share. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.23 per share at 8.4% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 14 July 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 8.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). Upcoming Dividend • Jun 13
Upcoming dividend of US$0.23 per share at 8.3% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 28 June 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%). Upcoming Dividend • May 31
Upcoming dividend of US$0.23 per share at 8.3% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 15 June 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). Announcement • May 19
Main Street Capital Corporation announced that it has received $44 million in funding Main Street Capital Corporation announced a private placement of common shares and senior secured term non-convertible debt for the gross proceeds of $44 million on May 18, 2023. Upcoming Dividend • Apr 28
Upcoming dividend of US$0.23 per share at 7.4% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 15 May 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%).