Main Street Capital Corporation

MAIN

Financial Services · Asset Management · Stock · monthly payer

$55.26

Overvalued · -18% Add to Portfolio

Forward Yield

5.75%

Annual Dividend

$3.18

Payout Ratio

86%

5-Yr Growth

5.2%

Ex-Date

Nov 6, 2026

Frequency

Monthly

Key facts about MAIN's dividend

Data as of Nov 2, 2026 · Source: SmarterDividends data

As of Nov 2, 2026, Main Street Capital Corporation (MAIN) has a forward dividend yield of 5.75%, based on an annual dividend of $3.18 per share and a share price of $55.26.
As of Nov 2, 2026, MAIN's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Main Street Capital Corporation (MAIN) has raised its dividend for 3 consecutive years as of Nov 2, 2026.
MAIN last cut its regular dividend in 2022.
MAIN's next ex-dividend date is Nov 6, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 2, 2026, MAIN pays out 86% of its trailing 12-month earnings as dividends (its payout ratio).
MAIN's dividend has grown at an average rate of 5.2% a year over the past five years.
As of Nov 2, 2026, MAIN's 5.75% yield is 24% below its five-year average yield of 7.60%.
As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for MAIN is $45.34 per share, 18% below the $55.26 share price, so MAIN screens as overvalued.
Main Street Capital Corporation (MAIN) pays its dividend monthly, 12 times a year.
Main Street Capital Corporation (MAIN) has raised its regular dividend 31 times and cut it 1 time across the 256 payments on record since 2007. Its most recent change was a 1.9% increase to $0.265 per share, going ex-dividend on Jul 8, 2026. The last cut went ex-dividend on Sep 16, 2008.

Cite this page

SmarterDividends, "MAIN Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/MAIN

Summary

As of Nov 2, 2026, Main Street Capital Corporation (MAIN) yields 5.75% ($3.18 a year per share), has a dividend safety grade of C (54/100) and has 3 consecutive years of dividend increases on record.

Is MAIN a good dividend stock?

Mixed

Main Street Capital Corporation (MAIN) pays a monthly dividend yielding 5.75% ($3.18/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Strong 5.2% 5-yr dividend growth

Risks

Cut its dividend in 2022
Elevated payout ratio (86%)

Key Data

Dividend Yield: 5.75%
Payout Ratio: 86%
Annual Dividend: $3.18
5-Yr Avg Growth: 5.2%
Ex-Dividend Date: Nov 6, 2026
Years of Growth: 3
Frequency: monthly
Beta: 0.75
Market Cap: $5.2B
P/E Ratio: 11.1
5-Yr Total Return: 24%
52-Week Range: $48.95 – $65.23
Dividend Safety: C · 54/100
Ever Cut?: Yes (2022)

MAIN dividend raises and cuts

Main Street Capital Corporation (MAIN) has raised its regular dividend 31 times and cut it 1 time across the 256 payments on record since 2007. Its most recent change was a 1.9% increase to $0.265 per share, going ex-dividend on Jul 8, 2026. The last cut went ex-dividend on Sep 16, 2008.

Ex-date	Change	Old → new	Move
Jul 8, 2026	Raise	$0.260 → $0.265	+1.9%
Jan 8, 2026	Raise	$0.255 → $0.260	+2.0%
Jul 8, 2025	Raise	$0.250 → $0.255	+2.0%
Jan 8, 2025	Raise	$0.245 → $0.250	+2.0%
Jul 8, 2024	Raise	$0.240 → $0.245	+2.1%
Jan 4, 2024	Raise	$0.235 → $0.240	+2.1%
Oct 5, 2023	Raise	$0.230 → $0.235	+2.2%
Jul 6, 2023	Raise	$0.225 → $0.230	+2.2%
Jan 5, 2023	Raise	$0.220 → $0.225	+2.3%
Oct 6, 2022	Raise	$0.215 → $0.220	+2.3%
Jan 3, 2022	Raise	$0.210 → $0.215	+2.4%
Sep 28, 2021	Raise	$0.205 → $0.210	+2.4%

Show all 32 changes since 2008

Ex-date	Change	Old → new	Move
Jun 27, 2019	Raise	$0.200 → $0.205	+2.5%
Mar 19, 2019	Raise	$0.195 → $0.200	+2.6%
Sep 19, 2018	Raise	$0.190 → $0.195	+2.6%
Sep 20, 2017	Raise	$0.185 → $0.190	+2.7%
Sep 19, 2016	Raise	$0.180 → $0.185	+2.8%
Sep 17, 2015	Raise	$0.175 → $0.180	+2.9%
Mar 27, 2015	Raise	$0.170 → $0.175	+2.9%
Sep 17, 2014	Raise	$0.165 → $0.170	+3.0%
Dec 26, 2013	Raise	$0.160 → $0.165	+3.1%
Sep 18, 2013	Raise	$0.155 → $0.160	+3.2%
Mar 19, 2013	Raise	$0.150 → $0.155	+3.3%
Sep 18, 2012	Raise	$0.145 → $0.150	+3.4%
Jun 19, 2012	Raise	$0.140 → $0.145	+3.6%
Mar 19, 2012	Raise	$0.135 → $0.140	+3.7%
Sep 19, 2011	Raise	$0.130 → $0.135	+3.8%
Mar 22, 2011	Raise	$0.125 → $0.130	+4.0%
Sep 16, 2008	Cut	$0.360 → $0.125	−65.3%
Aug 12, 2008	Raise	$0.350 → $0.360	+2.9%
May 8, 2008	Raise	$0.340 → $0.350	+2.9%
Feb 13, 2008	Raise	$0.330 → $0.340	+3.0%

Every MAIN payment →Download every raise and cut (CSV)

MAIN ex-dividend date & scheduleNext ex-date Nov 6, 2026 · full ex-dividend historyView →MAIN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MAIN a good dividend stock?

Mixed. Main Street Capital Corporation (MAIN) pays a monthly dividend yielding 5.75% ($3.18/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is MAIN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MAIN's fair value is about $45.34 versus a $55.26 share price — so it looks overvalued (-18% vs. fair value).

Is MAIN's dividend safe?

MAIN has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

What is MAIN's fair value?

Our blended fair-value estimate for MAIN is about $45.34 per share, about 18% below the current $55.26 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MAIN a buy, hold, or sell?

We don't issue formal ratings, but on the data MAIN screens as "mixed" and overvalued. Main Street Capital Corporation (MAIN) pays a monthly dividend yielding 5.75% ($3.18/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will MAIN cut its dividend?

MAIN earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MAIN pay a dividend?

Yes. Main Street Capital Corporation pays a monthly dividend of about $3.18 per share annually, a forward yield of roughly 5.75%.

What is MAIN's dividend yield?

As of Nov 2, 2026, MAIN's forward dividend yield is 5.75%, based on a $3.18 annual dividend and a $55.26 share price.

What is MAIN's dividend per share?

As of Nov 2, 2026, MAIN pays $3.18 per share per year, distributed on a monthly basis.

What is MAIN's dividend payout ratio?

As of Nov 2, 2026, MAIN's payout ratio is 86% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has MAIN grown its dividend?

As of Nov 2, 2026, MAIN has increased its dividend for 3 consecutive years.

When is the next MAIN ex-dividend date?

As of Nov 2, 2026, the next ex-dividend date on record for MAIN is Nov 6, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full MAIN dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 8, 2026	Oct 15, 2026	$0.2650	regular
Sep 21, 2026	Sep 28, 2026	$0.3000	regular
Sep 8, 2026	Sep 15, 2026	$0.2650	regular
Aug 7, 2026	Aug 14, 2026	$0.2650	regular
Jul 8, 2026	Jul 15, 2026	$0.2650	regular
Jun 22, 2026	Jun 29, 2026	$0.3000	regular
Jun 8, 2026	Jun 15, 2026	$0.2600	regular
May 8, 2026	May 15, 2026	$0.2600	regular
Apr 8, 2026	Apr 15, 2026	$0.2600	regular
Mar 20, 2026	Mar 27, 2026	$0.3000	regular
Mar 6, 2026	Mar 13, 2026	$0.2600	regular
Feb 6, 2026	Feb 13, 2026	$0.2600	regular
Jan 8, 2026	Jan 15, 2026	$0.2600	regular
Dec 22, 2025	Dec 29, 2025	$0.3000	regular