Where Will Main Street Capital's Dividend Be in 5 Years?
Its high coverage ratio gives it plenty of room for future dividend hikes.
Overview
Main Street Capital (NYSE: MAIN) has been a reliable stock for dividend investors. The business development company (BDC) pays a forward yield of 5.7%, has never reduced its payout since its 2007 IPO, and has delivered a total return of 101% over the past five years. It's also one of the few BDCs that pay monthly dividends.
Main Street's annual dividend payments have increased for the past five consecutive years. Will it continue raising its payout over the next five years, or should investors expect less consistent dividend growth as its clients face more challenging macroeconomic headwinds?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.