Main Street Capital Corporation

MAIN
Financial Services
$58.29
5.57%Overvalued

Main Street Capital Corporation (MAIN) is a Financial Services company that currently yields 5.57% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $25.65 and the overvaluation threshold at $55.08. Main Street Capital Corporation holds a quality score of 32/100 (Risky), reflecting 5 consecutive years of dividend growth with a 86% payout ratio. The 5-year dividend CAGR stands at 13.4%.

MAIN Dividend Yield History — Weiss Valuation

Underval. $25.65Overval. $55.08

Distance to undervalued

Entry price is stretched

Needs 56.0% downside to reach the Weiss buy zone

Undervaluation starts near $25.65, where the annual dividend would imply roughly 12.65% yield. That is 7.08% above today's yield.

Buy-zone price

$25.65

Target yield

12.65%

Research checklist

What to clear before buying the yield

Updated Aug 23, 2026

Dividend durability

5Y

Verify the dividend record before treating yield as durable.

Earnings payout

86%

Coverage deserves a closer look in filings.

Cash payout

120%

Confirm cash conversion and one-off effects.

Dividend growth

13.4%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-08-222026-08-23

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Main Street Capital Corporation is trading near its historical overvaluation band.

Current yield 5.6% vs historical max 18.6% (30% of maximum).

5 years of uninterrupted dividends.

Elevated payout ratio of 86%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 32/100 quality score says the headline yield needs extra skepticism.

Free cash flow payout is above 100%, so cash coverage is the first risk to unpack.

MAIN Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$631

Year 10 Income

$4,985

Yield on Cost

59.61%

Total Income

$20,447

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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Dividend income log · Yield on cost · DRIP cost basis · Tax reports

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

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MAIN Dividend Quality Score

Quality Score

32/ 100

Risky

Payout Ratio0/25
Dividend Streak12/25
Growth (CAGR 5Y)20/20
Yield vs History0/15
FCF Coverage0/15

Key Metrics

Current Price$58.29
Annual Dividend$3.25
Current Yield5.57%
Yield — Max (10Y)18.62%
Yield — Min (10Y)6.28%
Undervalued Below$25.65
Overvalued Above$55.08
Payout Ratio86.35%
CAGR Dividend 5Y13.4%
CAGR Dividend 10Y4.7%
Years No Cut5y

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5
consecutive years of dividend growth