If you're looking for exposure to privately-held and venture capital-backed companies, business development companies offer high yield access to that slice of the market. This stock yields 5.82% and pays monthly. It never cut its regular monthly dividends during the pandemic and the Great Recession. Valuations, Profitability & Leverage vs. BDC avgs., Earnings, and Price Targets are covered in this article.
Main Street Capital Corporation (MAIN) is an internally-managed BDC which specializes in equity capital to lower middle market - LMM - companies. It's one of the largest BDCs, with a $2.93B market cap. The firm also provides debt capital to middle market companies for acquisitions, management buyouts, growth financings, recapitalizations and refinancing. The firm seeks to partner with entrepreneurs, business owners and management teams and generally provides "one-stop" financing alternatives within its lower middle market portfolio. It was founded in 2007 and is based in Houston, Texas.
Source: Seeking Alpha
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