Main Street Capital Corporation
MAINFinancial Services · Stock · monthly payer
Forward Yield
5.66%
Annual Dividend
$3.18
Payout Ratio
86%
5-Yr Growth
5.2%
Ex-Date
Sep 21, 2026
Frequency
Monthly
Summary
As of September 2026, Main Street Capital Corporation (MAIN) yields 5.66% ($3.18 per share annually), with a blended fair-value estimate of $32.76 — -42% downside, so it screens as overvalued. Dividend safety grade: C (54/100). 3 years of dividend growth.
Is MAIN a good dividend stock?
MixedMain Street Capital Corporation (MAIN) pays a monthly dividend yielding 5.66% ($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
- 5.66%
- Payout Ratio
- 86%
- Annual Dividend
- $3.18
- 5-Yr Avg Growth
- 5.2%
- Ex-Dividend Date
- Sep 21, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- 0.73
- Market Cap
- $5.3B
- P/E Ratio
- 11.3
- 5-Yr Total Return
- 37%
- 52-Week Range
- $48.95 – $67.26
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
MAIN Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+38%
5 Years
+37%
52-Week Range
$48.95 – $67.26
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 $32.76 per share, versus a market price of $56.22. That implies 42% of downside.
Fair Value
$32.76
Current Price
$56.22
Downside
-42%
Margin of Safety
-72%
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 8.6% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $4.98 EPS, $3.18 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 |
|---|---|---|---|
| Sep 8, 2026 | — | $0.2650 | regular |
| Aug 7, 2026 | — | $0.2650 | regular |
| 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 |
Income Calculator
At $3.18 / yr per share
