MAIN - Main Street Capital Corporation

NYSE - NYSE Delayed Price. Currency in USD
43.30
+0.12 (+0.28%)
At close: 4:02PM EDT
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Previous Close43.18
Open43.20
Bid43.39 x 2200
Ask43.40 x 800
Day's Range43.16 - 43.56
52 Week Range31.95 - 44.30
Volume303,630
Avg. Volume241,814
Market Cap2.734B
Beta (3Y Monthly)0.67
PE Ratio (TTM)16.92
EPS (TTM)2.56
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & Yield2.46 (5.70%)
Ex-Dividend Date2019-09-18
1y Target Est40.00
Trade prices are not sourced from all markets
  • 4 Fintech Alternatives to Square & Fiserv with Big Dividends
    InvestorPlace

    4 Fintech Alternatives to Square & Fiserv with Big Dividends

    Every industry has its disruptors. The old and established leaders get comfortable doing things the same way -- it has worked for decades, so why change? Sometimes disruptors come with new ideas and approaches. Other times they have new technologies that can range from an app to a completely new means of operating.Source: Shutterstock One example that I use on a daily basis involves artificial intelligence (AI). I have a Bloomberg Terminal, which is a vital tool for pulling all sorts of data and information on any economy or market as well as any stock, bond or other security. It also comes with over 2,700 journalists around the globe that are generating news and other stories each and every day. But interestingly, Bloomberg has adopted AI which combs news releases and economic data releases. Then its army of robotic writers create an increasing percentage of its posted stories.There shouldn't be anything subjective in the robotic writing, but you never know how this will develop. By the way, I am not a robot.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AI and Fintech StocksBanking is getting it worse. Financial technology (Fintech) companies continue to roll out non-bank payment, loan and deposit apps. These are increasingly making consumer banking with traditional banks less necessary, if not more costly. And even mortgages can be applied for or refinanced via apps.This has led many newer stocks to grab investor attention, including Square (NYSE:SQ) with its alternative mobile payment and point-of-sale services. It many be gathering new adopters, with revenue up over the trailing year by 49%, but it has negative operating margins running at -1.1% which in turn is delivering a loss on shareholder equity of -4.7%. * 7 Deeply Discounted Energy Stocks to Buy And dividends? Not with Square's cash burn. No wonder that in the trailing year, insiders have been reporting millions upon millions of shares sold, not bought. Bad indicator.Then there's Fiserv (NASDAQ:FISV) stock, which provides behind-the-scenes services and systems to alt-financial fintech companies. This company is a bit more responsible, with operating margins running at 30.1% which in turn is helping the return on equity to reach a current 35.6%. But its sales are anemic, with gains over the trailing year of only 2.2%.And it doesn't have much cash on hand, putting it in credit jeopardy in the short term. And the stock is valued at 16.4 times its book value which is has actually dropped by 42.6% to a current value of $6.48 per share from where it stood back in 2017.Again, no wonder that over the trailing year, that there were 20 sellers in management and the board -- again not a vote of confidence. And dividends? Not with the cash trouble and short-term credit woes. Instead, twice in the past 10 years, Fiserv has had to do two reverse 2 for 1 splits to keep the stock price up to avoid regulatory and market scrutiny. Better Alt-Financials With Better FintechFintech might be a good disrupter for beating traditional banks, but it's not so rewarding for investors -- especially without dividend income.But what is really beating banks comes from three obscure bits of Congressional legislation: The Investment Companies Act of 1940, The Small Business Investment Incentive Act of 1980 and The Cigar Excise Tax Extension Act of 1960.The Investment Companies Act established holding companies and funds, which allowed companies to own financial assets beyond just plant and equipment like operating companies. The Small Business Investment Incentives Act provided companies beyond banks to lend and own loans and other financing instruments from public and private companies, which brought needed loans to a stifled banking market. And the Cigar Excise Tax Extension Act had embedded in it the legal and tax structure which enabled real estate investment trusts (REITs). Business Development CompaniesBack in the late 1970's, inflation was out of control, driving interest rates to the moon and driving banks to be reticent about lending. So, the 1980 legislation allowed non-banks to operate as investment companies which could make loans and invest in loans. This began what is largely known as Business Development Companies (BDCs), which also do not have to pay traditional corporate income taxes.BDCs have been a very successful business model over the past many years. Banks have been strangled with low interest rates, which limit their net interest margins (NIM). This margin is the difference between what they pay in deposits against what they earn from loans. And regulations post 2007-2008 have stifled them with costly compliance. Even with relief over the past three years, much still needs to be done to unburden banks.Better than Banks: MVIS BDC Index Total Return Source MVIS & BloombergBDCs are outside much regulatory purviews and they don't do deposits. And lower interest rates enable them to fund themselves at lower rates through various non-banking means such as the bond and credit markets. And it shows in the performance of the MVIS BDC Index generating a return year to date of 21.53% including an average trailing tax-advantaged dividend yield of 9.72%.Moreover, BDCs also participate in the business loan market. And while there can be some shadows in this part of the credit market, the well-run and well-capitalized companies can participate in senior loans, which BDCs can participate in for their portfolio assets.Senior Loan Debt Index Source Palmer Square & BloombergSenior loans continue to perform well, even with some pullbacks. Such was the case with a drop in liquidity during the closing weeks of last year.In the model portfolios of my Profitable Investing, I have a great BDC in Hercules Capital (NYSE:HTGC). Hercules is based in Palo Alto, California, with offices around the nation. It focuses on working with technology companies and has a good track record of financing startups through to become bold-faced names in the tech market. It makes loans and provides other financing and also takes equity participation in its portfolio companies. It then works with them like bankers used to do by guiding them along to an exit strategy of being bought or through an IPO.Net interest margin (NIM) is ample at 8.9% and the efficiency ratio is good at 52.5% (the lower the ratio, the greater the profitability). Revenues are up 8.8% for the trailing year and it feeds a nice annual dividend stream including regular special distributions yielding 10.1%.The Profitable Investing portfolio also has Main Street Capital (NYSE:MAIN). This BDC focuses on more mundane small-to-middle-market companies with lending and other financing. It has wide financial margin and an efficiency ratio of an amazing 8.2%. and it pays an annual dividend, including regular special distributions, yielding 6.7%.Then there is my recommended TPG Specialty Lending (NYSE:TSLX). This company provides financing and capital to a variety of companies, including loan assets in its portfolio. Part of the famous TPG Capital formally called Texas Pacific Group which is one of the largest and more successful private equity firms in the world -- TPG Specialty draws great talent and resources from its affiliate.Revenues are up on a tear with the trailing year climbing by 24.2%. Its NIM is running at 10% and it keeps its efficiency ratio humming at a profitable 31.5%.TPG Specialty Lending (TSLX) Longer Term Total Return Source BloombergThe company has generated a return of 87.8% over the trailing five years for an average annual equivalent of 13.4%.It pays regular dividends quarterly, providing a yield of 7.5%. But it also regularly pays additional dividends from ongoing profits throughout the year for a current annual yield of 8.8%. Another Proven Bank DisruptorBanks used to be big in the mortgage business. That has been changing, particular post-2007-2008. Now others are in the market to originate and own mortgages. Inside my model portfolios of Profitable Investing, I have MFA Financial (NYSE:MFA) which is structured as a REIT under the Cigar Excise legislation noted above. MFA owns and runs a mortgage portfolio which in turn fuels an ample dividend yielding 11%. And it has proven itself to work during times of adversary including doing pretty well in the midst of the 2007-2008 financial crisis.Over the past 10 years, MFA has delivered a return of 213.48% for an average annual equivalent of 12.09%. Buy it in a taxable account as 20% of its dividends qualify as deductible from income tax liabilities thanks to the Tax Cuts & Jobs Act of 2017, making the payout distributions even more attractive after taxes.And now that I've presented my alternative Alt-Financials for more dividends and price gains, perhaps you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. For more - look at my Profitable Investing. Click here to learn more: https://profitableinvesting.investorplace.com/Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 4 Fintech Alternatives to Square & Fiserv with Big Dividends appeared first on InvestorPlace.

  • Thomson Reuters StreetEvents

    Edited Transcript of MAIN earnings conference call or presentation 9-Aug-19 2:00pm GMT

    Q2 2019 Main Street Capital Corp Earnings Call

  • PR Newswire

    Main Street Announces New Portfolio Investment

    Invests $8.8 Million in Analytical Systems Keco, LLC HOUSTON , Aug. 27, 2019 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently ...

  • 10 BDCs to Buy for Big-Time Income
    Kiplinger

    10 BDCs to Buy for Big-Time Income

    The market for business development companies (BDCs) just got a little more institutional.For those of you unfamiliar with BDCs, here's a quick primer. Business development companies provide firms with debt and equity capital, or a combination of the two, to help them grow. They first came to be in 1980 when Congress passed an amendment to the Investment Act of 1940 that created a new category of closed-end investment company: BDCs.For tax purposes, BDCs must pay out 90% or more of their taxable income in the form of dividends so they can retain the tax benefits of regulated investment companies.BDCs have become popular with retail investors over the past decade because of the significant income they generate. These companies often yield more than 8% on their distributions.Consider this: BDC Owl Rock Capital Corporation (ORCC) sold 10 million shares to investors during its initial public offering on July 18, 2019. This IPO is important because Owl Rock Capital Partners, who operate the BDC, founded it in 2016 with the sole purpose of meeting the needs of institutional investors. Since its founding three years ago, Owl Rock has raised more than $5.5 billion from pension funds, university endowments, family offices and other high-net-worth investment vehicles. And when institutional-caliber investors get involved, it's time to take notice.Here are 10 BDCs to consider for your investment portfolio. Just remember: Their uber-high yields come with some measure of risk. Many use debt leverage to generate their strong returns, which is risky in the first place and adds interest-rate risk into the picture. Also, the companies they invest in typically have a higher chance of default than larger corporations. But for those willing to take the risks, these 10 BDCs yield between 5.7% and 10.9%. SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)

  • Main Street Capital Corp (MAIN) Q2 2019 Earnings Call Transcript
    Motley Fool

    Main Street Capital Corp (MAIN) Q2 2019 Earnings Call Transcript

    MAIN earnings call for the period ending June 30, 2019.

  • Main Street (MAIN) Q2 Earnings Beat Estimates, Revenues Rise
    Zacks

    Main Street (MAIN) Q2 Earnings Beat Estimates, Revenues Rise

    Increase in total investment income and a strong balance sheet position support Main Street's (MAIN) Q2 earnings.

  • PR Newswire

    Main Street Announces Second Quarter 2019 Results

    Second Quarter 2019 Net Investment Income of $0.63 Per Share Second Quarter 2019 Distributable Net Investment Income of $0.67 Per Share HOUSTON , Aug. 8, 2019 /PRNewswire/ -- Main Street Capital Corporation ...

  • Can Higher Rates Support Main Street's (MAIN) Q2 Earnings?
    Zacks

    Can Higher Rates Support Main Street's (MAIN) Q2 Earnings?

    Rise in investment income, backed by higher interest rates, is likely to boost Main Street's (MAIN) Q2 earnings.

  • PR Newswire

    Main Street Announces Fourth Quarter 2019 Regular Monthly Dividends

    HOUSTON, Aug. 6, 2019 /PRNewswire/ -- Main Street Capital Corporation (MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.205 per share for each of October, November and December 2019.  These monthly dividends, which will be payable pursuant to the table below, total $0.615 per share for the fourth quarter of 2019, which are consistent with the regular monthly dividends declared for the third quarter of 2019 and represent a 5.1% increase from the regular monthly dividends paid for the fourth quarter of 2018.

  • Analysts Estimate Main Street Capital (MAIN) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Main Street Capital (MAIN) to Report a Decline in Earnings: What to Look Out for

    Main Street Capital (MAIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • 8 Monthly Dividend Stocks to Buy for Consistent Income
    InvestorPlace

    8 Monthly Dividend Stocks to Buy for Consistent Income

    With so much uncertainty weighing on key economic metrics -- most notably the U.S.-China trade war -- the idea of buying dividend stocks is an attractive one. Primarily, as passive-income generating securities, dividend-bearers are likely to weather volatility better than stocks that don't offer payouts. Plus, any capital returns are bonuses on top of the yield.Source: Shutterstock However, dividend stocks typically have one glaring weakness, especially for those who depend on stocks for income: their payouts occur on a quarterly basis. That's not particularly helpful when our society revolves around monthly cost expenditures, such as mortgages, car payments, and utility bills. And that's one of the reasons why monthly dividend stocks are so attractive.Under this arrangement, you're receiving income 12 times a year as opposed to the usual four times. Because money has a time component to it, monthly dividend stocks allow investors much more flexibility. Also, if you like to reinvest dividends into more shares of the target asset, a monthly schedule allows you to advantage technical dynamics, such as a pricing dip.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Oversold Stocks To Buy Right Now That said, conservative investors should adopt the same precautions toward monthly dividend stocks as you would any income-generating investment. For instance, you should never jump aboard a company or fund merely because they pay out monthly. The key here is healthy cash flows and robust, stable sectors.At the same time, monthly dividend stocks offer speculators a reason to join in on the fun. With payouts every 30 days, sometimes risky, high-yielding names offer compelling opportunities. Of course, that depends on your personal tolerance to volatility.And with these cautionary notes out of the way, here are the eight best monthly dividend stocks to consider in 2019: LTC Properties (LTC)Source: Shutterstock When it comes to boring sectors as I mentioned above, I can't think of anything more sleep-inducing than senior care. At the same time, I can't think of anything more robust and relevant than the senior care market. That's why investors ought to take a long look at LTC Properties (NYSE:LTC) and LTC stock.As a viable name among monthly dividend stocks, LTC Properties utilizes a powerful tool as leverage: demographics. Baby Boomers are retiring in droves, which present serious challenges. But they also present opportunities. Increasingly, millennials are taking care of their aging family members, indirectly bolstering the case for LTC stock. That's because a senior may not have adequate funds, but a working millennial might.Furthermore, LTC stock has steadily trekked higher since the collapse of the 2000 tech bubble. Given the demographic tailwinds, I expect this longer-term trend to continue. Main Street Capital Corporation (MAIN)Source: Shutterstock Main Street Capital Corporation (NYSE:MAIN) is what experts refer to as a business development company. In this case, Main Street provides debt and equity financing to small and mid-tier private organizations. With a broad range of services, they're able to help scale businesses as their output expands.And supporting the case for MAIN stock is the current entrepreneurial environment. With the advent of e-commerce technologies, and the digitalization of everything, there's never been a better time than now to start a business. Moreover, the efficiencies inherent in smaller and more nimble organizations allow them to disrupt larger entities. Again, this supports the capital gains narrative for MAIN stock. * The 10 Best Stocks to Invest in for August Just as importantly, the underlying company has a track record for delivering the goods under pressure. For instance, Main Street first offered MAIN stock to the public in 2007. While incurring volatility during the financial crisis, shares fought back. Today, it pays out a healthy dividend monthly that yields nearly 6%. Realty Income (O)Source: Shutterstock Whenever discussions about monthly dividend stocks come about, it's almost inevitable that you'll hear the name Realty Income (NYSE:O). And that's for good reason. Although a boring name, strong and consistent cash flows back up O stock. Obviously, this is critical for a company paying out monthly; after all, the money for dividends has to come from somewhere!But O stock has two reasons why it's especially relevant at this juncture. First, the Federal Reserve is likely to lower interest rates despite robust domestic economic metrics. Global economies don't necessarily share the same optimism as the U.S. Furthermore, the Fed is determined to learn the lessons that led to the disastrous 2008 financial crisis. Thus, investors seeking substantive yields will probably gravitate toward investments like O stock.Second, many of the commercial properties that Realty Income owns feature retailers who have competitive or natural moats against e-commerce threats like Amazon (NASDAQ:AMZN). For example, Home Depot (NYSE:HD) customers like to see and test out their prospective products. You simply don't get that convenience from online channels. And this dynamic should keep the rent money flowing into O stock, which bolsters the dividend payout. Shaw Communications (SJR)Source: Shutterstock Canadian cable company Shaw Communications (NYSE:SJR) is another name that frequently pops up among recommended monthly dividend stocks. It's not hard to see why. Currently, SJR stock has a dividend yield of 4.5%. Shares have also gained over 12% since January's opening price.More importantly, SJR stock should prove to be incredibly relevant in the years ahead. While cable is a dying industry due to the streaming revolution, Shaw levers a wireless subsidiary called Freedom Mobile Inc. And in April of this year, Freedom substantially expanded its wireless footprint in the Canadian market. This move improves Freedom's LTE service and lays the groundwork for the upcoming 5G rollout. * 10 Small-Cap Stocks to Buy Before They Grow Up Finally, Shaw is a name that delivers a consistent revenue and earnings stream. As a result, it generally features reliable free cash flow -- which is key for stocks that pay out monthly. And while cord cutting hurts SJR stock in the nearer-term, I believe its spectrum coverage will outweigh these concerns. Pembina Pipeline (PBA)In years past, the oil market used to be a no-brainer: we consume energy and therefore we need energy. However, rising global supplies have depressed prices, making this sector a tough call. However, infrastructural plays like Pembina Pipeline (NYSE:PBA) typically offer stability.No matter what happens in the underlying market, transportation of energy-related commodities is vital. In recent years, this dynamic supported the bullish case for PBA stock.Still, some risks cloud the narrative for PBA stock. First, shares have done well this year, moving up 29% year-to-date. But the equity has demonstrated some notable volatility in recent sessions. Thus, prospective buyers may want to wait a little before pulling the trigger.Further, Pembina doesn't have the greatest balance sheet. With $5.3 billion in debt against $129 million in cash, I wouldn't go all in on PBA stock. That said, energy remains a viable long-term play due to the uncertainties of renewable alternatives. Therefore, Pembina is among the riskier monthly dividend stocks that nonetheless deserves a careful look. Colony Credit Real Estate (CLNC)For those who are interested in higher stakes -- and of course, higher yields -- you should check out Colony Credit Real Estate (NYSE:CLNC). CLNC stock provides shareholders exposure to the world of commercial real estate credit REITs, or real estate investment trusts. Essentially, the company finances and manages commercial real estate debt.Now, I must give you some cautionary notes for CLNC stock. First, shares have not enjoyed the greatest time since its introduction in early 2018. A massive collapse in November of last year, along with the rest of the markets, has not inspired confidence.Also, as a commercial debt investor, Colony Credit faces turbulence from a possible downturn in the economy. With most folks talking about at least a correction coming up, CLNC stock is only for the risk tolerant. * 7 Stocks to Buy That Save You Money However, shares have stabilized this year and has recently inched forward. Plus, with a yield of nearly 11%, CLNC is one of the monthly dividend stocks that will consistently draw eyeballs. Armour Residential REIT (ARR)If you want another high-stakes REIT among monthly dividend stocks, but with a residential angle, consider Armour Residental REIT (NYSE:ARR). ARR stock gives you exposure to mortgage-backed securities which are backed by a federal entity, such as Fannie Mae or Freddie Mac.Of course, whenever anyone hears the term mortgage-backed securities, the last housing crisis comes immediately to mind. Certainly, no investment is foolproof and that should give you pause before diving into ARR stock.On the flipside, both the government and the mortgage industry have taken the lessons of the last decade to heart. Today, it's very difficult to quality for a mortgage unless you've got your financial house in order. Additionally, homeowners themselves have learned not to overextend themselves. Thus, this environment helps bring some confidence toward ARR stock.Lastly, Armour Residential has a history of consistently rich monthly payouts going back to 2015. But I wouldn't get too comfortable as the payouts have declined in value over this time. Also, ARR stock is down over 5% YTD. All that said, if you're willing to assume the risk, Armour is an interesting play due to the current economic resiliency. Mesa Royalty Trust (MTR)Source: Shutterstock A far riskier counterpart to Pembina Pipeline, Mesa Royalty Trust (NYSE:MTR) is truly an investment only for the hardened speculator. From the get-go, MTR stock screams caution.Let's start with the obvious. Mesa Royalty distinguishes itself from the other monthly dividend stocks on this list because the company doesn't own anything. Instead, it has an interest in oil and natural gas projects dispersed throughout the U.S. Basically, the dividend from MTR stock represents a share of the spoils from the facilities' output.This leads to my next concern about MTR stock: volatility. I'm not just talking about the share price, which historically is terrible. The payout fluctuates like mad. Needless to say, Mesa Royalty will not belong on a list of stable dividend stocks anytime soon. * 6 Upcoming IPOs for August Still, the company offers the prospect of a big payday that could arrive at any month. For instance, earlier in March, Mesa paid out nearly 19 cents for each share of MTR stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post 8 Monthly Dividend Stocks to Buy for Consistent Income appeared first on InvestorPlace.

  • Main Street Capital (MAIN) Dips More Than Broader Markets: What You Should Know
    Zacks

    Main Street Capital (MAIN) Dips More Than Broader Markets: What You Should Know

    Main Street Capital (MAIN) closed at $41.80 in the latest trading session, marking a -0.26% move from the prior day.

  • PR Newswire

    Main Street Announces Second Quarter 2019 Earnings Release And Conference Call Schedule

    Call Scheduled for 10:00 a.m. Eastern Time on Friday, August 9, 2019 HOUSTON , July 18, 2019 /PRNewswire/ --   Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce ...

  • PR Newswire

    Main Street Announces Exit of Portfolio Investment

    Generates $6.0 Million Realized Gain From Exit of Investment in Lamb Ventures, LLC HOUSTON , July 11, 2019 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased ...

  • Thomson Reuters StreetEvents

    Edited Transcript of MAIN earnings conference call or presentation 10-May-19 2:00pm GMT

    Q1 2019 Main Street Capital Corp Earnings Call

  • Bank OZK (OZK) Announces 4.35% Dividend Hike: Worth a Look?
    Zacks

    Bank OZK (OZK) Announces 4.35% Dividend Hike: Worth a Look?

    Bank OZK (OZK) increases quarterly common stock dividend by about 4.35% to 24 cents per share.

  • Glacier Bancorp (GBCI) Announces Dividend Hike: Worth a Look?
    Zacks

    Glacier Bancorp (GBCI) Announces Dividend Hike: Worth a Look?

    Glacier Bancorp (GBCI) increases quarterly common stock dividend by about 3.8% to 27 cents per share.

  • InvestorPlace

    3 Monthly Dividend Stocks to Buy Today

    Retirement: It's all about one thing and that's income … replacing a steady paycheck with your savings. With that, dividend stocks have plenty of appeal for retirees. Not only can you score higher yields than bonds, but you have the ability to grow those payouts over time as well. However, dividend stocks do have one major drawback.Their payment schedules.Most dividend stocks pay on a quarterly or even semi-annual basis. And while that may not seem like a problem, for many retirees used to a monthly or bi-weekly paycheck balancing cash flows can be a hard pill to swallow. After all, your mortgage, cable bill and car payments are due each month. To that end, getting a monthly dividend could be the answer to budgeting issues.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top S&P 500 Stocks of 2019 (So Far) Luckily, there are plenty of dividend stocks that do happen to payout monthly. Here are three of the best. Main Street Capital Corp (MAIN)Dividend Yield: 5.89%Most investors have never heard of businesses development companies (BDCs). That's a shame because they can be some of the biggest yielding stocks around. BDCs are set up as pass-through entities much like real estate investment trusts, and similarly must pay out at least 90% of their earnings as dividends. How they earn that income is by loaning cash to mid-sized firms -- companies too big to ask the local bank for a loan, but not big enough to launch a significant bond offering -- at competitive rates. The best way to really think of them is like public-private equity firms.And when it comes to BDCs, Main Street Capital (NASDAQ:MAIN) could be one of the best.MAIN has provided capital to more than 200 private companies and thanks to its underwriting and deal standards, it has been very successful at turning a big profit on those loans. Just for the first quarter of this year, MAIN has already seen its investment income rise by 10% year-over-year. Those sorts of gains have allowed the firm to become a great dividend stock since its IPO in 2007. The BDC has managed to grow its payout by 127% since then.Today, you can score a great recurring monthly dividend with a current yield of 5.89%. The best part is that MAIN's management likes to reward shareholders further with extra supplemental dividends. This allows the BDC to use excess capital if a great deal can be had or for dividends. Adding those extra payouts in, and investors are looking at closer to 7.2% yield.BDCs like MAIN provide a much-needed service to many firms. And thanks to its underwriting skill and focus on quality firms, MAIN has quickly become one heck of a dividend stock. Shaw Communications (SJR)Dividend Yield: 4.5%One sector that can be a fertile hunting ground for dividend stocks, and is also known for its stability, is the telecommunications industry. Top stocks like AT&T (NYSE:T) and Verizon (NYSE:VZ) are in plenty of income portfolios. The reason is easy to see. Predictable fixed costs and demand allow telcos to pay out reliably healthy dividends. The problem is T and VZ aren't monthly dividend stocks.But Canada's Shaw Communications (NYSE:SJR) is.Shaw remains one of Canada's largest telecoms and offers the usual bundle of services, including cable, internet and wireless phone services. It has been doing this for decades just like T and VZ here at home. And SJR has also tackled the problem of cord cutting head on. The telecom has been able to successfully convert customers to faster internet service to overcome lower cable subscriptions. This has helped boost revenues. At the same time, SJR has been one of the first movers in Canada for new 5G networks. That will give it a heads-up in bringing faster mobile internet, IoT and other applications to the nation. * 10 Monthly Dividend Stocks to Buy to Pay the Bills As Shaw moves forward in these areas, investors can sit back and collect a hefty monthly yield. Currently, SJR pays 4.5%. Now, that dividend will fluctuate based on changes to the U.S./Canadian dollar. However, given Shaw's stability and potential growth, it's a small price to pay for a great dividend stock. LTC Properties (LTC)Dividend Yield: 4.89%Honing in on so-called mega-trends is a great way to find dividend stocks that will stand the test of time. For monthly-dividend payer LTC Properties (NYSE:LTC) that mega-trend is the "Graying of America."Thanks to advances in medicine, lifespans are only increasing and longevity is almost assured at this point. LTC is uniquely positioned to take advantage of this fact. The firm invests in the senior housing and assisted living facility sectors of the healthcare property market. Currently, the firm owns/invests in roughly 200 properties that are right in the sweet spot for the nation's aging baby boomers. Demand for these facilities continues to grow as more seniors need aid to get along.The key is that LTC doesn't operate the facilities or even own the buildings in many cases. What it does is provide financing for owner/operators to construct and renovate their properties or it buys properties from owners in a sale-leaseback transaction. It's basically a mortgage lender that collects a monthly rent check. This position in the sector allows it to avoid some of the profitability issues that can result in senior living and assisted living facilities.It also allows for some safety and steady profits on its end. Year-over-year, LTC saw a gain in FFO for the first quarter of 2019. Steady FFO gains have allowed it to raise its dividend over 46% since 2008. Currently, LTC yields 4.89%.All in all, LTC is in the right area at the right time. And that makes it a great monthly dividend stock to own.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 3 Monthly Dividend Stocks to Buy Today appeared first on InvestorPlace.

  • The Best 3 Monthly Dividend Stocks for Your Retirement
    InvestorPlace

    The Best 3 Monthly Dividend Stocks for Your Retirement

    Investing for retirement should always be focused on certainty of returns. And while dividend stocks might not appear to be an important part of building up a retirement portfolio, they do provide a better level of certainty in returns. By collecting dividends and reinvesting them, a portfolio can rise in value over time.Source: Shutterstock And in turn, when you're retired, dividends provide cash flows which can be used to fund your life in retirement.The vast number of U.S.-listed companies pay their dividends on a quarterly basis. And beyond the borders of the nation, many companies stretch out their distributions to bi-annual or even annual payments. Their argument is that only after the company's fiscal year is wrapped up should the cash crumbs be spread out to the pesky shareholders.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut that's not how the folks residing in the C-Suites see it when it comes to their own remunerations. They prefer to pay themselves every so many weeks with bonuses and other perks throughout the year.But there is a collection of companies that don't see shareholders as a burden, but rather as the rightful owners of the company. And as such, they are paid regularly each and every month -- often with rising levels of distributions for attractive dividend yields. And these yields work to build up a retirement portfolio more quickly through reinvestment and will later provide monthly income in the retirement years to come. * 6 Stocks Ready to Bounce on a Trade Deal Moreover, the dividends paid are ample -- more than enough to cover the meager level of inflation in the U.S. economy. And that's a low bar. Because with the core Personal Consumption Expenditure (PCE) Index -- which measures the overall consumer spending cost changes in the U.S. economy and not just a constructed market basket like the Consumer Price Index (CPI) -- running at 1.57%, inflation is firmly at bay for now and the foreseeable future. U.S. Inflation … What Inflation?US Core PCE Source BloombergThere are varying industries that have companies paying monthly dividends. But they tend to be in businesses that are cash cow in style that provide dependable profits from which distributions can be paid. I've assembled a nice collection of companies that you can select to bump up your own portfolio's cash payouts with regular to rising monthly dividends. Main Street Comes to Wall StreetMain Street Capital Corporation (NYSE:MAIN) is set up as a business development company (BDC), which is codified under U.S. tax law under the Small Business Investment Incentive Act of 1980. This act passed by Congress and signed by then President Jimmy Carter came as the U.S. economy was in a pickle. Inflation was a problem and banks were reticent to lend to small-to-middle-market companies. They were concerned over the inflation risk of fixed lending facilities as well as the underlying credit risks in the business sector.The result is that the act extended the Investment Companies Act of 1940 which enabled non-bank companies to be formed that would be largely exempt from corporate income taxes if they made loans and equity participation investments in small-to-middle-market companies.Therefore, they would be passthrough securities with investors getting paid the majority of profits that could also come with passthrough tax deductions to shield their individual current income tax liabilities.Main Street makes loans with some additional equity participation to companies in the $10 million to $100 million revenue range. This is exactly what the U.S. market needs, as many of the traditional middle-market commercial bank lenders have largely been sidelined thanks to onerous regulatory and capital rules stemming from legislative and administrative responses to the post 2007-2008 financial mess. And while there has been a great deal of regulatory and legislative reform during 2018, many of the skilled lender talent has left traditional banks and in turn they've been found in Main Street and other non-bank lenders.Main Street gets to make loans with less regulatory and compliance costs. As a result, its efficiency ratio is a fraction of middle-market lending banks. This means that its costs are lower and profitability is much higher.Revenues are rising, with gains running at an annual basis of 13.49% on average over the past three years.Main Street (MAIN)The revenues and profitability fuel a rising dividend distribution which has been climbing by an average annual rate of 2.06 over the past three years. And with a monthly payout yielding an annual rate of 6%, Main Street is a great start to getting monthly dividend payouts. Triple Net WinnerEPR Properties (NYSE:EPR) is a real estate investment trust (REIT) which focuses on a very risk-controlled and efficient way to profit from real estate assets known as longer-term, triple-net leases. Triple-net leases are leases that are made to corporate tenants that are not only responsible for lease payments but also for taxes, insurance and general maintenance -- hence the term "triple."This means that EPR acquires properties that have little additional costs over their leased lifespans. Thus, less management cost as well as less risk of uncertainty over the lease term for costs of upkeep, or higher taxes or changes in insurance costs.The benefits of this means that EPR can run more efficiently in its operations with lower provisions for cost challenges for its portfolio of properties. This means more certainty in cashflows from its portfolio of properties, which in turn supports more stable revenues for dividend payouts.EPR focuses on educational properties, entertainment facilities and resort properties and facilities.The educational properties involve locations that are contracted by early educational centers, as well as charter schools and private schools. These provide stable, reliable tenants that commit to long-term leases that are likely to be renewed to attract and keep their student populations.The entertainment facilities are largely leased to movie megaplex theaters from national and international chains with ample branding. These are in major markets with plenty of demand supporting longer-term commitments for the properties.The resorts and facilities include a variety of activities that range from major ski resorts like Camelback Mountain to golf courses and resorts, including from operator, TopGolf. And EPR also owns a collection of water parks in prime locations. All of these benefit from the consumer trend of experience spending, which supports longer-term commitments from the operators of the properties and facilities.All in all, the properties of EPR have been increasing revenues significantly with average annual gains running at 18.51% for the past three years alone.EPR Properties (EPR)The triple net leases from the properties with longer-term leases continue to support significant dividend distributions. The distributions continue to rise by an average annual basis of 6.10%. and with a current yield of 5.7%, EPR is a great monthly dividend payer. The Right Retail for Monthly Dividend StocksMention retailers and many investors will think that they are doomed by the likes of Amazon (NASDAQ:AMZN) and other online behemoths. But not all retail can be replaced by a website and a few clicks. In fact, one of the more pervasive companies profiting in the retail space actually benefits from the surge of online shopping. That would be FedEx (NYSE:FDX) which operates thousands of stores where you can send back many of those returns from online spending sprees of American households.Then there's another retail space that gets special attention at the start of each year but carries interest all through the seasons. Gyms are always in demand, either for those who need or want to lose weight or those that want to keep the pounds off while staying in better health. Gyms are a reliable part of the American retail space. And one of the leaders in this retail market space is LA Fitness.Then we have one of the major go-to retailers when it comes to picking up or having prescription drugs delivered. Walgreens Boots Alliance (NASDAQ:WBA) is a leader among local pharmacies and is also a prime place to visit to pick up last-minute items for health, beauty, food and household goods that just can't always be fulfilled by the online space -- even by Amazon Now.And one of the other prime retail spaces that's also a defense against online vendors is the super-discounted dollar stores. These stores provide bargain buys for all kinds of consumers on a regular basis. They tend to have sticky and reliable customers, making for good retail space. And two of the leaders include Dollar General (NYSE:DG) and Family Dollar (NASDAQ:DLTR).What do the five companies all have in common? They are all long-term triple-net lease customers of Realty Income Corporation (NYSE:O).Realty Income Corporation (O)Realty Income is set up as a real estate investment trust (REIT) and its tenants include the above companies.Revenues are rising across the portfolio, with gains running on an average annual basis of 9.07% over the past three years alone.This supports a nice monthly dividend distribution which continues to be raised by Realty Income by an average annual rate of 4.11% over the past five years alone. And with a current dividend yield of 3.7%, it makes for a great monthly inflation-trouncing dividend payer that rounds out my collection for your retirement portfolio.Now that I've presented some of my favorite monthly dividend stocks for a retirement portfolio, perhaps you might like to see more of my market research and recommendations. For more, look at my Profitable Investing. Click here to learn more.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post The Best 3 Monthly Dividend Stocks for Your Retirement appeared first on InvestorPlace.

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