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Main Street Capital: IQ 2021 Dividends Announced

BDCs:
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With so much uncertainty in the world, Main Street Capital (MAIN) shareholders will be pleased to see that the popular BDC has announced as of 11/3/23020 unchanged monthly dividends of $0.205 for each of January, February and March 2021.

See the attached press release.

That’s an annual “regular” dividend pace of $2.46.

The analyst consensus for Net Investment Income Per Share at MAIN in 2021 is $2.17.

Those two sets of numbers might go some way to explain the BDC’s declining stock price in recent weeks.

Here’s the 1 month price chart:

Still, MAIN is trading at a higher-than-most 13.1x projected future earnings but (37%) below its 52 week high.

We imagine investors everywhere are trying to decide if MAIN will return both to its high flying earning ways and to its valuation heights.

Once the BDC reports IIIQ 2020 results we’ll be tackling that ticklish subject.

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