5 Dividend Stocks to Increase Your Monthly Income

4. Main Street Capital Corporation (NYSE: MAIN)

Number of Hedge Fund Holders: 8
Dividend Yield: 6.06%

Main Street Capital Corporation (NYSE: MAIN), a private equity firm, specializes in equity capital to lower middle market companies. The company ranks 4th on our list of dividend stocks to increase your monthly income and provides debt capital to middle market companies for the purposes of acquisition, management buyout, growth financing, recapitalization, and refinancing.

As of this February, Raymond James holds an Outperform rating on shares of Main Street Capital Corporation (NYSE: MAIN). The firm also has a $41 price target on the stock.

In the second quarter of 2021, Main Street Capital Corporation (NYSE: MAIN) had an NII of $0.62, beating estimates by $0.05. The company’s revenue was $67.29 million, up 29.39% year over year and beating estimates by $5.22 million.

By the end of the second quarter of 2021, 8 hedge funds out of the 873 tracked by Insider Monkey held stakes in Main Street Capital Corporation (NYSE: MAIN) worth roughly $18.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $34 million.