Just look at the yield and track record, anyone that didn't get in on the offering was crazy imo, this company will start hitting many more radar screens but i hope not, i like the way it is, stable, low volume.
Soon the Bush tax cuts expire in 1213 which I bet will raise dividend taxing rates anywhere's from net 20% to 35% as I see it depending on tax brackets.
These BDCs offer both a chance at registering capital gains for a long hold or a way of receiving some monthly returns as well if one chooses to receive the same.
I'm betting the market will coalesce around this thought making such monthly payers more valuable to the individual investor than ever.
Furthermore, this superior managed BDC if held in an IRA, both cap gains and dividends present no current problems.
Looking at this one's record, chasing after other strangers paying 1 or 3% more makes no sense to me. By the way it's going ex tomorrow I think?
Just curious but why would you put main into 4 accounts? That places too much risk in one equity as well as in four stock accounts.
Wouldn't it have been less risky to buy 3 other stocks for the grandchildren's accts?
I suppose one could sell MAIN at the current yield to get another BDC which has a higher yield. That said, since I'm not overweight MAIN in the least, I'll just keep what I have and see if they increase the monthly dividend again later this year.
There is only one thing wrong here. With this increase of share price the yeild is dropping so much. I'm selling off SOME, of this, in order to increase the free cash flow by investing the money into higher paying issues. Tough problem to have.
As your title states MAIN is overlooked. My question is why? I hold MAIN, TCAP and FSC comprising about 1/3 of my portfolio. I have never heard any of these BDCs discussed on any investment program and I watch a lot. All of these companies are growing, have low PEs and a history of increasing dividends. Am I missing something?
Thanks big-jim...I've owned MAIN for some time now...one of my better payers. Want more, but my holding is approaching my limit verses daily volume. I have forgeten about FSC (I did review it back when I decided on MAIN). FSC still looks good, will place it on my watch list for a good entry point (if I would have read this when you posted, I'd most likely would already be in it). TCAP is too thinly traded (need 300K min). Thanks again
BDCs comprise only a very, very tiny sector of the market. Probably 99+% of all equity investors don't know what a BDC is. Most of them depend on stock brokers to make their picks for them and invest in more well-known companies, such as Coca-Cola, McDonalds, Wal-Mart, Microsoft, etc.