Main Street Capital (MAIN) Company Report

Main Street Capital Corporation (MAIN) completed a $20.0 million follow-on investment in its existing portfolio company, Chamberlin Holding LLC.
This investment, a first lien, senior secured term debt investment, was made to support Chamberlin's strategic acquisition of a commercial roofing contractor in the Southeastern United States.
MSC Income Fund, Inc. (MSIF) co-invested alongside Main Street Capital in this transaction.

3 days ago

Press Release

Main Street Announces New Portfolio Investment

MAIN

New Projects/Investments

M&A

Main Street Capital Corporation recently completed a new portfolio investment totaling $27.2 million in The Nearshore Company (TNC).
This investment facilitated TNC's acquisition of the Carmi Companies.
Main Street's investment included a combination of first-lien, senior secured term debt and a direct minority equity investment.
The strategic combination of TNC and Carmi creates a comprehensive platform for cross-border manufacturing and logistics solutions, offering clients an end-to-end solution for cross-border operations.

Nov 19, 2025, 12:00 PM

Press Release

Main Street Capital Announces New Portfolio Investment

MAIN

New Projects/Investments

Debt Issuance

Main Street Capital Corporation (MAIN) completed a $47.0 million portfolio investment on November 18, 2025, to facilitate the minority recapitalization of a leading swim school franchisee.
The investment includes a combination of first lien, senior secured term debt and a direct minority equity investment.
The swim school franchisee operates over 40 locations across ten states, providing swim instruction for young students.

Nov 18, 2025, 12:00 PM

Press Release

Main Street Capital Corporation Reports Record NAV Per Share and Increased Dividends in Q3 2025

MAIN

Earnings

Dividends

Guidance Update

Main Street Capital Corporation reported a record NAV per share of $32.78 at the end of Q3 2025, marking a 7.2% increase year-over-year, and achieved an annualized return on equity of 17%.
The company declared a supplemental dividend of $0.30 per share for December and increased its regular monthly dividends for Q1 2026 to $0.26 per share, representing a 4% increase from Q1 2025. An additional significant supplemental dividend is anticipated for March 2026.
For Q3 2025, total investment income was $139.8 million and distributable net investment income (DNII) before taxes per share was $1.07. The company projects Q4 2025 DNII before taxes of at least $1.05 per share.
Q3 2025 saw a net increase of $61 million in lower-middle market investments and a net decrease of $69 million in private loan investments. Both lower-middle market and private loan investment pipelines are currently characterized as above average.
The company maintains a strong capital structure with regulatory debt-to-equity leverage of 0.62 times and robust liquidity of over $1.5 billion, following the issuance of $350 million in unsecured notes and repayment of $150 million in existing notes.

Nov 7, 2025, 3:00 PM

Transcript

Main Street Capital Corporation Announces Q3 2025 Results

MAIN

Earnings

Dividends

New Projects/Investments

Main Street Capital Corporation reported Total Investment Income of $139.8 million for Q3 2025, a 2% increase from Q3 2024, and Distributable Net Investment Income (DNII) of $92.7 million, a 3% increase from Q3 2024. DNII per share for the quarter was $1.03.
The company manages over $8.7 billion in capital, with $6.8 billion managed internally, focusing on Lower Middle Market (LMM) debt and equity investments.
Main Street Capital has a history of consistent dividend growth, with monthly dividends increasing 136% since its IPO and never decreased. Additionally, $7.84 per share in supplemental dividends have been paid or declared since the 2007 IPO.
As of Q3 2025, the company's Net Asset Value (NAV) was $2.93 billion , supported by $1.56 billion in total liquidity, and a Debt to NAV Ratio of 0.74 to 1.0.

Nov 7, 2025, 3:00 PM

Presentation

Main Street Capital Corporation Reports Strong Q3 2025 Results with Record NAV and Increased Dividends

MAIN

Earnings

Dividends

Guidance Update

Main Street Capital Corporation reported strong Q3 2025 operating results, including an annualized return on equity of 17% and a new record NAV per share of $32.78, marking the 13th consecutive quarter of NAV per share growth.
The company declared a supplemental dividend of $0.30 per share payable in December and increased regular monthly dividends for Q1 2026 to $0.26 per share, representing a 4% increase from Q1 2025.
Investment activity in Q3 2025 included a net increase of $61 million in the lower-middle market portfolio and a net decrease of $69 million in the private loan portfolio, with both investment pipelines currently characterized as above average.
Main Street strengthened its capital structure by issuing $350 million of unsecured investment-grade notes at a 5.4% interest rate and repaying $150 million of notes, ending the quarter with over $1.5 billion in liquidity.
The company expects Q4 2025 distributable net investment income (DNII) before taxes of at least $1.05 per share.

Nov 7, 2025, 3:00 PM

Transcript

Main Street Capital Reports Record NAV Per Share and Increased Dividends for Q3 2025

MAIN

Earnings

Dividends

Guidance Update

Main Street Capital Corporation reported strong operating results for the third quarter of 2025, including an annualized return on equity of 17% and a record NAV per share of $32.78, which increased by $0.48 from the previous quarter and 7.2% year-over-year. Distributable Net Investment Income (DNII) before taxes per share for the quarter was $1.07.
The company declared a supplemental dividend of $0.30 per share payable in December and increased its regular monthly dividends for the first quarter of 2026 to $0.26 per share, representing a 4% increase from the regular monthly dividends paid in Q1 2025.
Management expects Q4 2025 DNII before taxes of at least $1.05 per share and anticipates proposing an additional significant supplemental dividend payable in March 2026.
In Q3 2025, Main Street saw a net increase of $61 million in lower-middle market investments and a net decrease of $69 million in private loan investments. The company also strengthened its capital structure by issuing $350 million of unsecured investment-grade notes and repaying $150 million of existing debt, resulting in over $1.5 billion in liquidity at the start of Q4 2025.

Nov 7, 2025, 3:00 PM

Transcript

Main Street Capital Announces Strong Q3 2025 Results with Increased Dividends and NAV

MAIN

Earnings

Dividends

Debt Issuance

Main Street Capital reported Net Investment Income (NII) of $0.97 per share and Distributable Net Investment Income (DNII) of $1.03 per share for the third quarter ended September 30, 2025.
The company's Net Asset Value (NAV) increased to $32.78 per share as of September 30, 2025, marking a 1.5% increase from the prior quarter and a 3.6% increase from December 31, 2024.
Main Street Capital declared regular monthly dividends totaling $0.765 per share for the fourth quarter of 2025, representing a 4.1% increase from the regular monthly dividends paid in the fourth quarter of 2024, and also declared and paid a supplemental dividend of $0.30 per share in the third quarter of 2025.
During the quarter, the company completed $106.2 million in lower middle market (LMM) portfolio investments and $113.3 million in private loan portfolio investments.
As of September 30, 2025, Main Street Capital had $1.561 billion in aggregate liquidity and issued $350.0 million of 5.40% unsecured notes due August 15, 2028.

Nov 6, 2025, 10:48 PM

8-K

Main Street Capital Announces Third Quarter 2025 Results

MAIN

Earnings

Dividends

Debt Issuance

Main Street Capital reported Net Investment Income of $0.97 per share and Distributable Net Investment Income of $1.03 per share for the third quarter ended September 30, 2025.
The company's Net Asset Value was $32.78 per share as of September 30, 2025, representing a 1.5% increase compared to June 30, 2025.
Main Street declared regular monthly dividends totaling $0.765 per share for the fourth quarter of 2025, a 4.1% increase from the fourth quarter of 2024, and paid a supplemental dividend of $0.30 per share in the third quarter of 2025.
The annualized return on equity was 17.0% for the third quarter of 2025.
The company further diversified its capital structure by issuing $350.0 million of 5.40% unsecured notes due August 15, 2028.

Nov 6, 2025, 9:15 PM

Press Release

Main Street Capital Corporation Announces Q1 2026 Regular Monthly Dividends and December 2025 Supplemental Dividend

MAIN

Dividends

Main Street Capital Corporation declared regular monthly cash dividends of $0.26 per share for each of January, February, and March 2026, totaling $0.78 per share for the first quarter of 2026.
These monthly dividends represent a 2.0% increase compared to the fourth quarter of 2025 and a 4.0% increase compared to the first quarter of 2025.
A supplemental cash dividend of $0.30 per share was also declared, payable in December 2025.
Including all declared dividends, the total dividends to shareholders amount to $1.08 per share, representing an annualized current yield of 7.6% based on the closing price of $57.16 per share on November 3, 2025.

Nov 4, 2025, 2:50 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Main Street Capital.

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