Dividends4Life: 5.75% Dividend Yield, Monthly Payer

5.75% Dividend Yield, Monthly Payer

Posted by D4L | Wednesday, January 12, 2022 | | 0 comments »

Business development companies offer high yield access to privately held and venture capital-backed companies, a part of the market otherwise unavailable to most retail investors. This BDC yields 5.75% and pays monthly. It's internally managed, with a lower percent of operating expenses than BDC averages.It has outperformed the BDC industry's average performance in 2021.

Houston-based Main Street Capital (MAIN) is an internally-managed BDC, which specializes in equity capital to lower middle market - LMM companies, with revenue between $10-$150M, and EBITDA between $3-$20M. It was founded in 2007. It's one of the largest BDCs, with a $3.1B market cap, and $5.1B in assets under management.

Source: Seeking Alpha

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