A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fifth of five financial services sector stocks poised to join my Volio folio this week. This could be my thirty-sixth pick for Volio!

That financial services sector includes twenty industries ranging from Asset Management, to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

My subject today is a business development company named, Main Street Capital Corp. Its trading ticker symbol is MAIN. This is my second report for this portfolio on Main Street Capital Inc. Most recently I reported on them on March 24.

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 the source of fees, commissions, and interest.

MAIN has paid monthly dividends since 2008  and is based in Houston, Texas.

I use three key data points to gauge dividend equities or funds like Main Street Capital Corp:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

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

MAIN Price

MAIN's price per share closed at $26.00 yesterday. A year ago their price was $39.61. Market price dropped $13.61 or just over 34% in the past year.

Assuming MAIN's stock trades in the range of $12 to $32 this next year, its recent $26.00 price might rise by $1.00 to reach $27.00 by May 8, 2021.

MAIN Dividends

MAINs most recent declared monthly stream of dividends was $0.205 payable May 15th. That $0.205 M dividend equates to $2.46 annually and yields 9.46% at yesterday's $26.00 share price.

MAIN Gains?

Adding the $2.46 annual estimated dividend to my $1.00 optimistic estimate of MAIN's price upside shows a $3.46 potential gross gain, per share, reduced by any costs to trade those shares.

A little under $1,000.00 invested today in Main Street Capital Corp  shares at their $26.00 price, buys 38 shares of MAIN stock.

A $10 broker fee paid half at purchase and half at sale could cost about $0.26 per share.

Subtract that $0.26  brokerage cost from my estimated $3.46 gross gain per share results in a net gain of $3.20 X38 shares = $121.60 for a 12.2% net gain on a $988.00 investment.

Main Street Capital Corp shows a possible 12.2% net gain including a 9.46% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if Main Street Capital Corp is worth it.