earnings
confidence high
sentiment positive
materiality 0.80
Main Street Q2 2024 NII $1.01/sh; distributable NII $1.07/sh; NAV $29.80 record high
Main Street Capital CORP
2024-Q2 EPS reported
$2.07
- Distributable net investment income of $1.07/sh exceeded total Q2 dividends of $1.02/sh (including $0.30 supplemental).
- Net asset value per share rose 0.9% QoQ to $29.80, an eighth consecutive quarterly record.
- Regular monthly dividend increased 6.5% YoY to $0.245/sh for Q3 2024; total dividends up 13.3% YoY.
- Investment portfolio grew: $154.5M in LMM and $323.8M in private loan additions during Q2.
- Non-accrual investments remained low at 1.2% of portfolio fair value; 16.1% annualized ROE.