Main Street Announces Third Quarter 2022 Regular Monthly Dividends and Supplemental Dividend Payable in June 2022
Main Street Capital Corporation (NYSE: MAIN) announced regular monthly cash dividends of $0.215 per share for July, August, and September 2022, totaling $0.645 for Q3, representing a 4.9% increase from Q3 2021. Additionally, a supplemental dividend of $0.075 per share will be paid in June 2022. Since its IPO in October 2007, Main Street has paid $34.26 per share in cumulative dividends. The dividend payment dates are set for July 15, August 15, and September 15, 2022.
- Monthly dividends of $0.215 per share for Q3 2022.
- 4.9% increase in dividends compared to Q3 2021.
- Cumulative cash dividends of $34.26 per share since October 2007 IPO.
- Supplemental dividend of $0.075 per share payable in June 2022.
- None.
Regular Monthly Dividends of
Supplemental Dividend of
HOUSTON, May 3, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of
Summary of Third Quarter 2022 Regular Monthly Dividends
Declared | Ex-Dividend | Record Date | Payment Date | Amount Per |
5/2/2022 5/2/2022 5/2/2022 | 7/1/2022 8/1/2022 9/1/2022 | 7/5/2022 8/2/2022 9/2/2022 | 7/15/2022 8/15/2022 9/15/2022 | |
Total for Third Quarter 2022: | ||||
In addition to the regular monthly dividends for the third quarter of 2022, the Board of Directors declared a supplemental cash dividend of
Supplemental Cash Dividend Payable in June 2022
Declared | Ex-Dividend Date | Record Date | Payment Date | Amount Per Share |
5/2/2022 | 6/21/2022 | 6/22/2022 | 6/30/2022 |
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 2022 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, American Stock Transfer and Trust Company, 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 long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. 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 "one stop" financing alternatives within its lower middle market investment strategy. Main Street's lower middle market 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.
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements, including but not limited to the continued payment and growth of future dividends and the potential tax attributes for 2022 dividends. 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 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 Securities and Exchange Commission. Such statements speak only as of the time when made and are based on information available to Main Street as of the date hereof and are qualified in their entirety by this cautionary statement. Main Street assumes no obligation to revise or update any such statement now or in the future.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Jesse E. Morris, CFO and COO, jmorris@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com
Zach Vaughan | zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation
FAQ
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