Today’s chart highlights a monthly dividend stock that’s currently offering an attractive annual yield of 7.1%. Now, I know what you are thinking. A high dividend yield can be a sign of trouble. Since a company’s dividend yield moves inversely to its share price, a high yield could simply be the byproduct of terrible stock price performance. But that’s not really the case for this monthly dividend stock.
The company in question is Main Street Capital Corporation (NYSE:MAIN), a business development company (BDC) headquartered in Houston, Texas. Main Street provides capital to lower middle-market companies in the United States. It earns a regular income from its debt investments and also makes money from capital appreciation, dividends, and realized gains from its equity investments.
Source: Income Investors
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