Main Street Capital made our website’s list of top monthly dividend stocks to buy during the COVID-19 pandemic. Main Street Capital Corporation (NYSE:MAIN) is a Houston-based business development company (BDC). Main Street focuses on providing customized debt and equity financing solutions to lower middle market companies.
In the past five years, Main Street Capital’s stock price has been on a steady upwards trend. But the price per share took a considerable hit due to the COVID-19 pandemic, with a 64% decrease as it fell over the course of a month from $44.30 in February to just $15.73 in March. Since March, the price has been trending upward to reach $30.30, as of August 3, 2020. Main Street Capital Corporation is a solid investment for someone who is looking to add a monthly dividend stock to their portfolio.
Source: Dividend Investor
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