Seeking Alpha

Main Street says higher dividend is coming

  • "Q4 distributable NII ... will exceed both our previously declared regular monthly dividends per share for Q4 of $0.48 per share and our previously provided distributable NII guidance of between $0.54 and $0.55 per share ... we expect Q1 distributable NII per share will also exceed our previously declared regular monthly dividends per share for the Q1 of $0.495 per share."
  • Entering 2014 on an annualized dividend of $2.48 per share (the regular payout of $0.495 plus 2 supplemental dividends of $0.25 each), MAIN management expects at least one more increase in the dividend this year, with the annualized pace being more than $2.50 a year from now.
  • Press release
Comments (1)
  • smurf
    , contributor
    Comments (4489) | Send Message
     
    Very positive news for a great BDC!
    3 Jan 2014, 03:55 PM Reply Like
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