Main Street Capital lends to and invests in smaller private companies. Interest, portfolio-company dividends and an outside asset-management business create income, while financing costs and credit results determine what reaches its shareholders.
Business
BDC
Listing
MAIN · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Main Street earns from debt and equity investments in private businesses and from an outside asset-management platform. Interest, portfolio-company dividends and adviser income contribute after financing and operating costs. Its regular monthly and regularly paid quarterly supplemental dividends both matter in the income test.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.97
Apr 1, 2026 to Jun 30, 2026
$0.00$0.97
Distribution yield7.68%Sourced distributions divided by dated market priceEarnings yieldNot availablePublic Researched current estimateTrailing 12-month distributions$4.32Recorded recurring payments per share, not a forecastCoverageNot availablePublic Researched estimate
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Quarterly income figures are for April 1 through June 30, 2026. August declarations and sales-agent changes are subsequent events. The differently defined NII measures remain separate; this historical research does not change Fly High forward estimates.
The assets it owns
$5.941 billion total assetsReported by Main Street Capital Corporation
Consolidated balance-sheet assets at 2026-06-30. This is not market capitalisation or the external manager’s assets under management.
Investments at fair value96.7178%
Cash and equivalents0.9814%
Other balance-sheet assets2.3008%
Share of consolidated total assets at 2026-06-30; other assets are the arithmetic residual. This is not a loan-seniority or sector allocation.
June-quarter after-tax DNII was $1.04 per share against $1.08 of regular plus supplemental dividends paid, about 96% coverage. The eight-quarter Charts history uses that same income definition and includes the recurring supplemental payment in each matching quarter. Earlier NII and regular-dividend observations are kept as separate source data, not blended into these bars.
Income and capital are exposed to borrower credit, non-accrual loans and portfolio equity valuations.
Monitor
A deterioration can reduce future distributions or shareholder capital.
Financing risk
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Monitor
A deterioration can reduce future distributions or shareholder capital.
Distribution risk
The board can change the dividend. A high yield can reflect a falling share price and does not establish earnings coverage.
Monitor
A deterioration can reduce future distributions or shareholder capital.
The assets behind the earnings
How MAIN makes money
Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Quarterly income figures are for April 1 through June 30, 2026. August declarations and sales-agent changes are subsequent events. The differently defined NII measures remain separate; this historical research does not change Fly High forward estimates.
The income-producing business
Interest and fees on investments, less financing and operating expenses, provide recurring earnings. Equity gains and other results can also affect distributions.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, Main Street Capital Corporation reported $5.941 billion of total assets and $2.775 billion of total liabilities.
Liabilities represented 46.7% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
On August 4, Main Street announced $0.265 regular monthly dividends for October, November and December 2026, plus a $0.30 supplemental payment for September 28.
The supplemental declaration is kept separate from the three regular monthly payments. All payment and record dates appear in the linked issuer table.
Income and capital are exposed to borrower credit, non-accrual loans and portfolio equity valuations.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
The August 12 filing reports two additional sales agents and termination of one agent agreement in Main Street's existing program, under which up to 20 million common shares may be sold.
The filing describes authority and agent arrangements. It does not report that all 20 million shares were issued or treat sale proceeds as earnings.
Compare the next matching earnings figure with the full regular plus recurring supplemental payment for the same quarter. Then follow portfolio-company income, non-accruals, financing costs and NAV.
Current evidence and recent developments
Reported net investment income per common share: $1.90 for 2026-01-01 to 2026-06-30; actual reported period, not annualized.
Latest regular monthly cash dividend: $0.2650.
Eligibility yield: 7.68% using the recorded distribution method on 2026-09-11.
What to watch next
Compare the next matching earnings figure with the full regular and supplemental payment.
Include the regularly paid quarterly supplemental dividend with regular monthly payments.
Follow portfolio-company income, non-accrual investments and NAV.
Fly High context
Main Street has several ways to earn, including lending, equity dividends and asset management. The recent improvement in DNII coverage is welcome, while the full regular-plus-supplemental payment remains the test. We will follow the next matching quarter to see whether income does all the work.
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U.S. federal · Tax year 2025
Dividend tax treatment
The issuer 2025 Form 10-K classifies all common dividends as taxable dividends, including a qualified subset.
Ordinary, nonqualified
91.96%
Qualified dividends
8.04%
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025. Total distributions: $4.23 per share.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
