Main Street CapitalNYSE: MAIN

Big-yield BDCs are special. We share updated comparative data on over 40 of them. Among BDCs, Main Street Capital is special. But its price-to-book and dividend yield are often misunderstood by investors. After reviewing BDCs in general, and Main Street Capital in particular, we conclude with our strong opinion on investing.

Total Commitments Increased to $1.110 Billion and Final Maturity of the Facility Extended to June 2029 HOUSTON , June 28, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $995.0 million to $1.110 billion and an increase to the diversified group of lenders to 19 lenders, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

Invests $36.9 Million in Nello Industries Investco, LLC Generates $10.4 Million Realized Gain From the Partial Exit of Investments in a Lower Middle Market Portfolio Company HOUSTON , June 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $36.9 million to facilitate the management led buyout of Nello Industries, LLC ("Nello" or the "Company"), a manufacturer of engineered poles and towers for electric utility, telecommunications and other related wireless and electric transmission infrastructure applications. Main Street, along with its co-investor, partnered with the Company's founding management team to facilitate the management led buyout, with Main Street's investment including a combination of first lien, senior secured term debt and a direct equity investment.

The U.S. population of millionaires grew by 600K last year to 7.5 million, driven by the AI-fueled stock market rally. But most of those gains are likely from capital gains, and it's important to take a balanced approach to investing, combining growth stocks with income-generating assets. Main Street Capital and Cohen & Steers Infrastructure Fund are two picks that pay dividends on a monthly basis, providing income during market volatility.

In this article, I list 3 stocks I think are great investments for millennial dividend investors looking to build an income-focused portfolio. All three are leaders in their respective industries and have track records of operational success that will likely continue for the long term. These 3 stocks are considered riskier investments as a result of their industries but offer investors dividend growth for the long term as a result of their well-covered dividends.

Main Street Capital is a top-notch business development company with strong dividend growth and low operating costs. However, there is a storm of bad news brewing for the stock. We share our concerns and how investors may want to approach the stock moving forward.

Invests $32.8 Million in a Provider of Supply Chain Management Services HOUSTON , May 30, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $32.8 million in a leading provider of supply chain management services for U.S. federal government agencies (the "Company").  Main Street completed the investment to support the Company's acquisition of a provider of equipment sales and rental solutions to U.S. federal government agencies as part of the Company's ongoing growth strategy.

HOUSTON , May 28, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.50% notes due 2027 (the "Notes"). The Notes will bear interest at a rate of 6.50% per year, payable semiannually, will mature on June 4, 2027 and may be redeemed in whole or in part at Main Street's option at any time at par plus a "make-whole" premium, if applicable.

Main Street Capital has been a top-performing business development company with a 6% dividend yield and strong price growth. MAIN's portfolio is diverse and well-managed, with a focus on lower middle market companies and a high level of transparency in reporting. The company's financials show strong growth in net investment income and distributable net investment income, leading to consistent dividend increases and supplementals.