Main Street Capital Corp., known by the ticker symbol MAIN, is a mid cap Asset Management company in the financial services business sector. This is my first report on MAIN for my Viital stock portfolio I last reported on this company May 4th for my Vista portfolio 6.

Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle-market companies and debt capital to middle-market companies. 

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The investment portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies that operate in diverse industry sectors. 

The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle market companies based in the US. Business is conducted through the U.S region and the company derives the majority of the income from fees, commissions, and interest.

Main Street Capital Corporation was founded in 2007 and is based in Houston, Texas.

Three key data points gauge any dividend equity or fund such as Main Street Capital Corp. (MAIN):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

MAIN Price

Main Street's price per share was $45.74 as of yesterday's market close. One year ago its price was $31.16. So, MAIN's share price increased just about 46.8% in the past year.

If Main Street's stock trades in the range of $30.00 to $50.00 this next year, its recent $45.74 price could rise by $1.26 to reach $47.00 by November 10, 2022. My estimate is $3.50 greater than the median of target price estimates from 4 analysts tracking MAIN for their brokerage houses.  

MAIN Dividends

Main Street's most recently announced monthly dividend of  $0.21 will pay out on November 15th, to shareholders. The compounded annual payout of $2.52 yields 5.51% based on yesterday's $45.74 closing price. MAIN has paid monthly dividends increasing generally annually since September 2008: That is over 13 years of increasing payouts. 

MAIN Returns

Adding the $2.52 annual estimated MAIN forward-looking dividend to my $1.26 price upside estimate shows a $3.78 potential gross gain, per share, to be reduced by any costs to trade MAIN shares.  

At yesterday's $45.74 price per share, a little over $1000 would buy 22 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.45 per share.

Subtract that maybe $0.45 brokerage cost from my estimated $3.78 gross gain per share results in a net gain of $3.33 X 22 shares = $73.26 for a 7.30% net gain on a $1,006.28 investment.

So it is that Main Street Capital Corp. (MAIN) shows a possible 7.30% net gain including a 5.51% forward estimated dividend yield. 

Over the next year at this time, a $1000 investment in Main Street Capital Corp. (MAIN) could generate $55.10 in cash dividends alone. Note that a single share bought at yesterday's closing price was $45.74! Thus, Main Street Capital Corp.'s share price is nearly $10 less than the dividend income from $1000.00 invested. Thus, according to my dogcatcher ideal, now is the time to pickup MAIN shares. The estimated next year's dividend from $1k invested is nearly $10 over the single share price. Consider yourself alerted. It's a sign!  

All of the estimates above are speculation based on the past history of Main Street Capital Corp. (MAIN). Only time and money invested in this stock will determine its market value.