Main Street Announces Third Quarter 2025 Regular Monthly Dividends, Including a Monthly Dividend Increase, and Supplemental Dividend Payable in June 2025
- Regular monthly dividend increased by 2.0% quarter-over-quarter and 4.1% year-over-year
- Additional supplemental dividend of $0.30 per share announced
- Strong dividend track record with no reductions since 2007 IPO
- Attractive 8.0% annualized yield based on current stock price
- Dividend reinvestment plan available for shareholders
- None.
Insights
Main Street Capital announces 2% quarterly dividend increase and $0.30 supplemental dividend, maintaining its unbroken record of never reducing regular dividends.
Main Street Capital's latest dividend announcement reveals a structured approach to shareholder returns that income investors typically value. The company has declared regular monthly dividends of $0.255 per share for July, August, and September 2025, totaling
Particularly noteworthy is the supplemental dividend of $0.30 per share payable in June 2025, derived from undistributed taxable income as of March 31. This pattern of supplemental dividends is an important mechanism that allows the company to distribute excess income beyond its regular dividend program.
The combined regular and supplemental dividends total
The company explicitly highlights that it has never reduced its regular monthly dividend since going public in 2007, a period spanning multiple economic cycles including the 2008 financial crisis and the COVID-19 pandemic. This dividend consistency, combined with periodic increases, indicates a dividend policy built around sustainable payout levels rather than unsustainable yields.
For context, a company's ability to consistently raise dividends typically reflects positive underlying business fundamentals and cash flow generation, though this press release focuses exclusively on the dividend declarations without providing details about portfolio performance or earnings results that support these distributions.
Regular Monthly Dividends of
Monthly Dividends Represent a
Supplemental Dividend of
Summary of Third Quarter 2025 Regular Monthly Dividends
Declared | Ex-Dividend Date | Record Date | Payment Date | Amount Per Share |
5/5/2025 | 7/8/2025 | 7/8/2025 | 7/15/2025 | |
5/5/2025 | 8/8/2025 | 8/8/2025 | 8/15/2025 | |
5/5/2025 | 9/8/2025 | 9/8/2025 | 9/15/2025 | |
Total for Third Quarter 2025: |
In addition to the regular monthly dividends for the third quarter of 2025, the Board of Directors declared a supplemental cash dividend of
Supplemental Cash Dividend Payable in June 2025
Declared | Ex-Dividend Date | Record Date | Payment Date | Amount Per Share |
5/5/2025 | 6/20/2025 | 6/20/2025 | 6/27/2025 |
Including all dividends declared to date, including the third quarter 2025 regular monthly dividends and the June 2025 supplemental dividend, Main Street will have paid
The final determination of the tax attributes for dividends each year are made after the close of the tax year. The final tax attributes for 2025 dividends are currently expected to include a combination of ordinary taxable income and qualified dividends and may include capital gains and return of capital.
Main Street maintains a dividend reinvestment and direct stock purchase plan (the "Plan"). The dividend reinvestment feature of the Plan (the "DRIP") provides for the reinvestment of dividends on behalf of Main Street's registered stockholders who hold their shares with Main Street's transfer agent and registrar, Equiniti Trust Company, LLC, or certain brokerage firms that have elected to participate in the DRIP. Under the DRIP, if Main Street declares a dividend, registered stockholders who have not "opted out" of the DRIP by the dividend record date will have their dividend automatically reinvested into additional shares of Main Street common stock. The direct stock purchase feature of the Plan (the "DSPP") provides investors with a convenient and economical method to purchase shares of Main Street common stock. More information about the Plan (including the DSPP prospectus) can be found on the Main Street website (https://ir.mainstcapital.com/dividend-reinvestment-and-direct-stock-purchase-plan).
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including but not limited to the continued payment and growth of future dividends and the potential tax attributes for 2025 dividends, which are based upon Main Street management's current expectations and are inherently uncertain. Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under Main Street's control, and that Main Street may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual performance, events and results could vary materially from these estimates and projections of the future as a result of a number of factors, including those described from time to time in Main Street's filings with the
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R. Nelson, CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600
SOURCE Main Street Capital Corporation