|Bid||0.00 x 2900|
|Ask||0.00 x 1300|
|Day's Range||43.83 - 44.56|
|52 Week Range||36.35 - 45.00|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||22.29|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||2.46 (5.52%)|
|Ex-Dividend Date||Feb 18, 2020|
|1y Target Est||40.25|
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it will release its fourth quarter and full year 2019 results on Thursday, February 27, 2020, after the financial markets close. In conjunction with the release, Main Street has scheduled a conference call, which will be broadcast live via phone and over the Internet, on Friday, February 28, 2020, at 10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has posted information regarding the U.S. federal income tax characteristics of its dividends that are attributable to 2019 on its website under "2019 Form 1099 Information" (http://ir.mainstcapital.com/tax-information). Main Street paid dividends totaling $2.915 per share that are attributable to 2019 for tax purposes, with approximately 90.4% of such dividends taxed as ordinary income, approximately 8.5% taxed as qualified dividends and approximately 1.1% taxed as long-term capital gains. Long-term capital gains and qualified dividends paid to non-corporate taxpayers (including individuals) qualify for favorable tax treatment under the Internal Revenue Code ("IRC") and, for 2019, will generally be subject to a maximum 20% U.S. federal income tax rate (plus a 3.8% Medicare surtax, if applicable).
Capital Southwest Corporation (“Capital Southwest”) (CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Long Ridge Equity Partners’ (“Long Ridge”) recent majority growth investment of NinjaTrader Group, LLC (“NinjaTrader” or the “Company”) with a revolver, first lien term loan and equity co-investment. Capital Southwest led the financing transaction and will act as the sole administrative agent on the credit facility.
We all have bills and expenses each and every month. However, when it comes to investing in dividend-paying stocks, there's always been a mismatch between when you get paid dividend distributions and when you cut checks or click to make your payments.This is because 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. The argument is that only after the company does its business and its fiscal year is wrapped up should it spread cash crumbs out to pesky shareholders.But that's not how the folks residing in C-Suites view their own renumerations. They prefer to pay themselves every so many weeks with bonuses and other perks throughout the year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut 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. Later they will provide monthly income.Moreover, the dividends paid are ample. Every one of the stocks in the following collection yields more than the average S&P 500 yield -- which is a mere 1.8%. And in many cases, the dividend yields are multiples of that average.Where do these monthly dividend stocks come from? These companies tend to be cash-cow businesses that provide dependable profits. Because when you invest for dividends, you need to own stocks from companies that you can rely on.I've assembled a nice collection of stocks to bump up your own portfolio's cash payouts with monthly dividends. Monthly Dividend Stocks: Realty Income (O)Source: Chart by Bloomberg Dividend Yield: 3.7%Mention retailers and many investors will think of the doom brought by Amazon (NASDAQ:AMZN) and other online behemoths. But a website can't replace all retail. In fact, one of the more pervasive members of the retail space actually benefits from the surge of online shopping. That would be FedEx (NYSE:FDX), which operates thousands of stores that facilitate all of the returns from American households' online spending sprees.Then there's another retail space that gets attention -- especially at the start of each year. Gyms are always in demand. Either for those that need or want to lose extra pounds or those that want to keep them 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, now owned by a private equity company called Mid-Ocean Partners.Then we have one of the major go-to retailers when it comes to picking up prescription drugs. Walgreens Boots Alliance (NASDAQ:WBA) is one of the leaders in local pharmacies. It's also a prime place to pick up last-minute health, beauty, food and household items. Even Amazon's Amazon Now can't always compete. * 8 of the Strangest Stocks Worth Your Time And one of the other prime retail spaces that's also a defense against online vendors belongs to the super-discounted dollar stores. These stores are found in urban, suburban and rural areas where they provide bargain buys that are made by 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 Dollar Tree (NASDAQ:DLTR). Realty Income Is All About Retail What do the five companies all have in common? They are all long-term triple-net lease customers of Realty Income (NYSE:O). Triple-net leases are arrangements where tenants pay rent as well as taxes, general upkeep and insurance costs. This setup limits risks and expenses for the owners of the leased properties.Realty Income is a real estate investment trust (REIT). Its top tenants are represented by the companies above, leasing thousands of properties across the American marketplace.Revenues are rising across the portfolio, with gains running on an average annual basis of 9.1% over the past three years alone.This supports a nice monthly dividend distribution, which Realty Income continues to raise at an average annual rate of 4.4% over the past five years alone. And with a current dividend yield of 3.7% it too makes for a great monthly inflation-trouncing dividend payer. O stock will round out my nice collection for your retirement portfolio right now. And to make it even better, thanks to the Tax Cuts and Jobs Act of 2017, 20% of the dividend distribution income is deductible from taxable income for most individual investors. Main Street Capital (MAIN)Source: Chart by Bloomberg Dividend Yield: 6.7%Just as retail is being upended by market changes, so too is business banking. Traditional banks -- with onerous regulations and capital requirements -- are seeing more of their core lending markets taken over by a collection of companies designed to do just that.Main Street Capital (NYSE:MAIN) is set up as a business development company (BDC). BDCs are codified 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 smaller and middle-market companies. Banks worried about the inflation risk of fixed lending facilities as well as the underlying credit risks in the business sector.The resulting legislation extended the Investment Companies Act of 1940, which enabled the formation of non-bank companies. These non-banks would be largely exempt from corporate income taxes if they made loans and equity participation investments in small and middle-market companies.These new companies functioned as pass-through securities. Investors receive the majority of profits -- and the majority isn't subject to corporate taxes. This means the companies have even more cash on hand for dividend distributions. Non-Bank Lenders Are a 'Main' Source of RevenueMain Street makes loans to companies in the $10 million to $100 million revenue range. This is exactly what the U.S. market needs. In the wake of the 2007-2008 financial crisis, those traditional middle-market bank lenders have been largely sidelined. They face intense regulatory and capital rules stemming from post-crisis legislative and administrative responses. And while there's been a great deal of reform, many have turned to Main Street and other non-bank lenders.Main Street gets to make loans with fewer costs. The result is that its efficiency ratio (a prime measure of the cost to earn each dollar of revenue) is a fraction of those 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 12.3% on average over the past three years. * 7 Stocks That Are Screaming Buys Right Now The revenues and profitability fuel a rising dividend distribution which has been climbing by an average annual rate of 2.7% over the past five years. And with a monthly payout yielding an annual rate of 5.7%, Main Street is a great way to earn monthly dividend payouts. But it gets a little better. The company has been introducing regular special dividend payments including two last year. This brings the annual dividend to a yield of 6.7%. EPR Properties (EPR)Source: Chart by Bloomberg Dividend Yield: 6.4%EPR Properties (NYSE:EPR) is a REIT which focuses on a very risk-controlled and efficient way to profit from real estate assets -- triple-net leases. In a triple-net lease, the tenant is also responsible for taxes, insurance and general maintenance costs, hence the term "triple." Realty Income uses the same arrangements.This means that EPR acquires properties that have few additional costs over their leased lifespans. What does this mean? There are fewer management costs and less uncertainty. For EPR, there's also less risk from changes in taxes or insurance costs. Because of this, EPR can run more efficiently in its operations. This means more certainty in cash flows from its portfolio of properties. That cash in turn supports more stable revenues for dividend payouts.EPR focuses on educational properties, entertainment facilities and resort properties. It wants to both educate your children and keep them entertained on holiday. It's a profitable dynamic. Books and Movies and Water Parks, Oh MyFor eager students, educational properties include early educational centers and both charter and private schools. These provide stable, reliable tenants that commit to long-term leases. In order to retain their student populations, it is more likely that these educational tenants will renew their long-term leases.The entertainment facilities are largely leased to movie "megaplex" theaters from both national and international chains.Rounding out its holdings are a varied mix of resort facilities. These properties include major ski resorts like Camelback Mountain, resorts and golf courses 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 18.5% for the past three years alone.The triple-net leases from the properties continue to support significant dividend distributions. The distributions continue to rise by an average annual basis of 5.6% over the past five years alone. And with a current yield of 6.4%, EPR is a great monthly dividend payer. And like for other U.S. REITs, the Tax Cuts and Jobs Act provided a line-item tax break for individual investors with a 20% deduction in taxable income from the dividend distributions. This shows up in the 1099-DIV form in Box 5 provided by your brokerage, bank or investment company.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post 3 Monthly Dividend Stocks to Buy That You Can Rely On appeared first on InvestorPlace.
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the appointment of Kay Matthews as a new independent member of its Board of Directors (the "Board").
Dividend stocks are about the only game in town to generate a decent income. Many people rely on dividend income to live in retirement, notes Tom Hutchinson, editor of Cabot Dividend Investor.
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
As previously announced on October 17, 2019, Main Street Capital Corporation (NYSE: MAIN) ("Main Street") will pay a semi-annual supplemental cash dividend of $0.24 per share in December 2019, which is in addition to Main Street's previously announced regular monthly cash dividends of $0.205 per share to be paid in each of December 2019 and January, February and March 2020. Consistent with prior periods with several dividends in close proximity, Main Street is issuing this reminder with respect to its upcoming dividend activity since there are multiple ex-dividend and payment dates in December 2019.
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of an additional $75.0 million in aggregate principal amount of its 5.20% notes due 2024 (the "Notes"). The Notes are being issued at a premium to par at a public offering price of approximately 105.00% of the principal amount per Note, resulting in estimated gross proceeds of approximately $78.8 million and a yield-to-maturity of approximately 3.95%.
Main Street Capital (MAIN) delivered earnings and revenue surprises of -1.59% and -2.10%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Third Quarter 2019 Net Investment Income of $0.62 Per Share Third Quarter 2019 Distributable Net Investment Income of $0.66 Per Share Net Asset Value Increased to $24.20 Per Share HOUSTON , Nov. 7, 2019 ...
Invests $24.8 Million in J&J Services, Inc. HOUSTON , Nov. 6, 2019 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed ...
HOUSTON, Nov. 5, 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 January, February and March 2020. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share and has never reduced its regular monthly dividend amount per share. Including all dividends declared to date, Main Street will have paid $27.755 per share in cumulative cash dividends since its October 2007 initial public offering at $15.00 per share.
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.
The only type of investment that income investors like more than equities that deliver a steady flow of quarterly dividend distributions are monthly dividend stocks, suggests Ned Piplovic, income specialist and editor of DividendInvestor.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
[Editor's note: "8 Monthly Dividend Stocks to Buy for Consistent Income" was previously published in July 2019. It has since been updated to include the most relevant information available.]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.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnder 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. * 7 Reasons to Buy Canopy Growth Stock 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. * 7 Reasons to Buy Canopy Growth Stock 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 10% 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. * 7 Reasons to Buy Canopy Growth Stock 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. But 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 21% 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 a total debt to total equity ratio of 63, 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 Reasons to Buy Canopy Growth Stock However, shares have stabilized this year and has recently inched forward. Plus, with a yield of 12%, 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 nearly 18% 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. * 7 Reasons to Buy Canopy Growth Stock 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 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post 8 Monthly Dividend Stocks to Buy for Consistent Income appeared first on InvestorPlace.
The company employs 183 people now, which is up about 10 percent over the past two years, said CEO William Howard. HP&C is backed financially by a number of investors, including Houston-based Main Street Capital Corp. (NYSE: MAIN).
HOUSTON, Oct. 17, 2019 /PRNewswire/ -- Main Street Capital Corporation (MAIN) ("Main Street") is pleased to announce that its Board of Directors declared its semi-annual supplemental cash dividend of $0.24 per share payable in December 2019. This supplemental cash dividend is in addition to the previously announced regular monthly cash dividends that Main Street declared for the fourth quarter of 2019 of $0.615 per share, or $0.205 per share for each of October, November and December 2019. Including the regular monthly and supplemental cash dividends declared to date, Main Street will have paid $27.14 per share in cumulative cash dividends since its October 2007 initial public offering at $15.00 per share.