Main Street Capital Corporation
MAINFinancial Services · Stock · monthly payer
Forward Yield
8.19%
Annual Dividend
$4.38
Payout Ratio
90%
5-Yr Growth
5.2%
Ex-Date
Aug 7, 2026
Frequency
Monthly
Summary
As of July 2026, Main Street Capital Corporation (MAIN) yields 8.19% ($4.38 per share annually), with a blended fair-value estimate of $37.95 — -29% downside, so it screens as overvalued. Dividend safety grade: C (58/100). 3 years of dividend growth.
Is MAIN a good dividend stock?
Yes, with caveatsMain Street Capital Corporation (MAIN) pays a monthly dividend yielding 8.19% ($4.38/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 5.2% 5-yr dividend growth
Risks
- Cut its dividend in 2022
- Elevated payout ratio (90%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.19%
- Payout Ratio
- 90%
- Annual Dividend
- $4.38
- 5-Yr Avg Growth
- 5.2%
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- 0.72
- Market Cap
- $5.0B
- P/E Ratio
- 11.3
- 5-Yr Total Return
- 29%
- 52-Week Range
- $48.95 – $67.77
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
MAIN Price — Last 12 Months
Daily close
Price Return
1 Year
-19%
3 Years
+33%
5 Years
+29%
52-Week Range
$48.95 – $67.77
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MAIN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Main Street Capital Corporation is $37.95 per share, versus a market price of $53.47. That implies 29% of downside.
Fair Value
$37.95
Current Price
$53.47
Downside
-29%
Margin of Safety
-41%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 7.7% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.9% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $4.75 EPS, $4.38 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MAIN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 8, 2026 | — | $0.2650 | regular |
| Jun 22, 2026 | — | $0.3000 | regular |
| Jun 8, 2026 | — | $0.2600 | regular |
| May 8, 2026 | — | $0.2600 | regular |
| Apr 8, 2026 | — | $0.2600 | regular |
| Mar 20, 2026 | — | $0.3000 | regular |
| Mar 6, 2026 | — | $0.2600 | regular |
| Feb 6, 2026 | — | $0.2600 | regular |
| Jan 8, 2026 | — | $0.2600 | regular |
| Dec 22, 2025 | — | $0.3000 | regular |
| Dec 8, 2025 | — | $0.2550 | regular |
| Nov 7, 2025 | — | $0.2550 | regular |
| Oct 8, 2025 | — | $0.2550 | regular |
| Sep 19, 2025 | — | $0.3000 | regular |
Income Calculator
At $4.38 / yr per share
