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Main Street Announces First Quarter 2019 Regular Monthly Dividends

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Regular Monthly Dividends of $0.195 per Share for each of January, February and March 2019

HOUSTON, Oct. 31, 2018 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.195 per share for each of January, February and March 2019.  These monthly dividends, which will be payable pursuant to the table below, total $0.585 per share for the first quarter of 2019, which are consistent with the regular monthly dividends declared for the fourth quarter of 2018 and represent a 2.6% increase from the regular monthly dividends paid for the first quarter of 2018.  Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share, and has never reduced its regular monthly dividend amount per share.  Including all dividends declared to date, Main Street will have paid $24.82 per share in cumulative cash dividends since its October 2007 initial public offering at $15.00 per share.

Summary of First Quarter 2019 Regular Monthly Dividends


Declared

Ex-Dividend
Date

Record Date

Payment Date

Amount Per
Share

10/30/2018

12/28/2018

12/31/2018

1/15/2019

$0.195

10/30/2018

1/17/2019

1/18/2019

2/15/2019

$0.195

10/30/2018

2/20/2019

2/21/2019

3/15/2019

$0.195



Total for First Quarter 2019:

$0.585


The final determination of the tax attributes for dividends each year are made after the close of the tax year. The final tax attributes for 2018 and 2019 dividends are currently expected to include ordinary taxable income, capital gains and qualified dividends.

Main Street maintains a dividend reinvestment and direct stock purchase plan (the "Plan").  The dividend reinvestment feature of the Plan (the "DRIP") provides for the reinvestment of dividends on behalf of Main Street's registered stockholders who hold their shares with Main Street's transfer agent and registrar, American Stock Transfer and Trust Company, or certain brokerage firms that have elected to participate in the DRIP.  Under the DRIP, if Main Street declares a dividend, registered stockholders (and stockholders holding shares through participating brokerage firms) who have not "opted out" of the DRIP by the dividend record date will have their dividend automatically reinvested into additional shares of Main Street common stock.  The direct stock purchase feature of the Plan (the "DSPP") provides investors with a convenient and economical method to purchase shares of Main Street common stock.  More information about the Plan (including the DSPP prospectus) can be found on the Main Street website (https://ir.mainstcapital.com/dividend-reinvestment-and-direct-stock-purchase-plan). 

ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.  Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.  Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio.  Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million.  Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.

FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements, including but not limited to the potential tax attributes for 2018 and 2019 dividends.  Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under Main Street's control, and that Main Street may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance.  Actual performance and results could vary materially from these estimates and projections of the future.  Such statements speak only as of the time when made and are based on information available to Main Street as of the date hereof and are qualified in their entirety by this cautionary statement.  Main Street assumes no obligation to revise or update any such statement now or in the future.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, President & COO, dhyzak@mainstcapital.com  
Brent D. Smith, CFO, bsmith@mainstcapital.com                 
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com
Mark Roberson | mroberson@dennardlascar.com  
713-529-6600

 

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SOURCE Main Street Capital Corporation