5 Safe Dividend Stocks with Over 4% Yield

4. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of August 16: 5.89%

Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm. The company is mainly famous among investors because of its monthly dividend policy. Moreover, it has never slashed its regular monthly dividend ever since it announced its first payout in 2007. The company managed to pay dividends consistently during recessionary periods as well.

On August 2, Main Street Capital Corporation (NYSE:MAIN) announced a 2.31% hike in its monthly dividend to $0.22 per share. In addition to this, the company also declared a special dividend of $0.10 per share. The company has paid supplemental dividends for three years in a row. As of August 16, the stock’s dividend yield came in at 5.89%.

At the end of Q1 2022, 9 hedge funds tracked by Insider Monkey owned stakes in Main Street Capital Corporation (NYSE:MAIN), the same as in the previous quarter. These stakes are collectively valued at over $48.4 million. Israel Englander and Ken Griffin were amongst the company’s prominent stakeholders in Q1.