Main Street Capital Corporation (MAIN)

Main Street Capital Corporation functions as a Business Development Company (BDC), providing diverse capital solutions across different market segments. Primarily, the firm supplies equity capital to lower middle market companies. These investments support various strategic objectives, including recapitalizations, management buyouts, refinancing, family estate planning, industry consolidation, and growth initiatives for both mature and later-stage emerging businesses. Main Street actively seeks to forge partnerships with entrepreneurs, business owners, and management teams, frequently offering comprehensive, "one-stop" financing alternatives for its lower middle market portfolio. Companies targeted for equity investment in this segment typically have annual revenues between $5 million and $300 million, with individual equity investments generally ranging from $2 million to $75 million, and an enterprise value for the target company usually falling between $3 million and $20 million. The firm is prepared to take stakes from a 5% minority position up to a 50% majority interest. In addition to its equity offerings, Main Street also extends debt capital to middle market companies. These funds are allocated to finance activities such as acquisitions, management buyouts, growth strategies, recapitalizations, and refinancing. Debt transactions in the middle market typically range from $5 million to $50 million per deal, targeting businesses with annual EBITDA between $1 million and $20 million. It is important to note that these middle market debt recipients are generally larger in scale than the companies within Main Street's lower middle market equity portfolio. The firm demonstrates a wide investment scope, engaging with numerous industries. These include, but are not limited to: air freight and logistics, auto components, building products, chemicals, commercial services, computing, construction and engineering, consumer finance and services, electronic equipment, ener

MAIN is a business development company — a listed vehicle that lends to, and sometimes takes equity in, private middle-market businesses. It elects regulated-investment-company treatment, which requires it to distribute the large majority of its taxable income each year; that requirement, not a board's generosity, is what produces the high headline yield.

The payment is a distribution rather than interest, and it can include return of capital as well as net investment income and realised gains. Most of it is taxed as ordinary income rather than as qualified dividends. The loan book is valued by the manager, not by a market, so net asset value is an estimate. Read how BDCs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

The table lists the 24 most recent recorded dividends for MAIN, newest first, with ex-dates running from Jun 20, 2025 to Dec 08, 2026. The latest is $0.2650 per share in USD, ex-date Dec 08, 2026, pay date Dec 15, 2026. Measured against the nearest payment about a year earlier, 18 are higher, 0 lower and 6 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

The chart covers 10 complete calendar years for MAIN, 2016 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for MAIN begins in 2008. The total went from $2.73 in 2016 to $4.23 in 2025 — 55% higher. Within that span 9 years were higher than the year before and 1 lower. The three most recent years shown are 2023 $3.69, 2024 $4.11 and 2025 $4.23. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. 10 of the years shown do not hold the 12 dividends the recorded cadence implies: 2016 (14 payments), 2017 (14 payments), 2018 (14 payments), 2019 (14 payments), 2020 (11 payments), 2021 (13 payments), 2022 (16 payments), 2023 (16 payments), 2024 (16 payments) and 2025 (16 payments). Those years are marked on the chart and named in the table. A year with one more or one fewer payment than the cadence implies is usually a payment whose ex-dividend date moved across a year end rather than a change in the payment itself: the payment lands in the neighbouring calendar year, so one year reads high and the next reads low while the rate never moved. The change-on-the-year-before column carries the same distortion, because it compares two totals rather than two payment rates. These totals are arithmetically right for what they measure — regular dividends bucketed by ex-dividend date — but they are not the annual dividend the issuer reports for that year, and where the two disagree the issuer's own published dividend history is the authority.