5 Monthly Dividend Stocks with Over 6% Yield

2. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of March 9: 6.31%

Number of Hedge Fund Holders: 9

Main Street Capital Corporation (NYSE:MAIN) is based in Houston, Texas, and the private equity firm specializes in recapitalizations, management buyouts, refinancing, family estate planning, and industry consolidation. Main Street Capital Corporation (NYSE:MAIN) lends equity capital primarily to lower middle market companies. 

Main Street Capital Corporation (NYSE:MAIN) closed out the last quarter of 2021 on a strong note, highlighting record investment income, according to its better than expected Q4 results. On February 24, the company’s EPS came in at $0.73, beating estimates by $0.08. The revenue increased 31.46% from the prior-year quarter, reaching $82.17 million, outperforming estimates by $9.70 million. 

On February 24, Main Street Capital Corporation (NYSE:MAIN) declared a $0.215 per share monthly dividend, in line with previous. The dividend is payable on April 14, to shareholders of record on April 4. The company announced a supplemental cash dividend of $0.075 per share payable in March 2022, to shareholders of record as of March 22.

In Q4 2021, 9 hedge funds reported owning stakes in Main Street Capital Corporation (NYSE:MAIN), up from 5 funds in the preceding quarter. Millennium Management is the largest shareholder of the company, with 235,837 shares worth $10.5 million.