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Main Street Capital Corp has the ticker symbol MAIN and is a mid-cap member of the financial services sector as an asset management firm. This is my first report on Main Street Capital Corp for this Vista folio. 

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. 

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 functioned through the U.S region and it 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 dividend equities or funds like Main Street Capital Corp:

(1) Price

(2) Dividends

(3) Returns

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

MAIN Price

Main Street's price per share closed at $42.40 yesterday. One year ago its price was $24.03. Thus, the price per share has grown over 76% as it recovered from last year's COVID market slump. 

Should Main Street Capital Corp stock trade in the range of $24.00 to $48.00 this year, its recent $42.40 price might rise by $2.40 to reach $44.80 by May 4, 2022. My estimate is $4.07 higher than the median of three estimates from analysts tracking MAIN (as the three show a negative gain).

MAIN Dividends

Main's most recent monthly dividend of $0.205 is payable May 14th and equates to $2.48 annually yielding 5.80% at yesterday's $42.40 closing price. MAIN has paid annually increasing quarterly dividends for 10 years. 

MAIN Returns

Adding the $2.46 annual Main Street forward-looking dividend to my $2.40 price upside estimate shows a $4.86 potential gross gain, per share, to be reduced by any costs to trade the shares.  

If we put a little over $1,000.00 today in Main Street Capital Corp at $42.40 per share, we'd buy 24 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.42 per share.

Subtract that maybe $0.42 brokerage cost from my estimated $4.86 gross gain per share results in a net gain of $4.44 X 24 shares = $106.56 for a 10.6% net gain on a $1,017.60 investment.

Thus, Main Street Capital Corp shows a possible 10.6% net gain including a 5.8% forward-looking dividend yield. 

Over the next year at this time, a $1000 investment in MAIN could generate $58.00 in cash dividends. And a single share bought at yesterday's closing price was $42.40! So, if MAIN is your kind of financial asset management investment, MAIN is showing a share price far less than the expected annual dividend income from $1,000 invested. This suggests now may be a good time to add Main Street Capital Corp to your holdings.    

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