5 Safe Dividend Stocks With Over 5% Yield

4. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of June 21: 7.24%

Main Street Capital Corporation (NYSE:MAIN) is an American investment firm that provides long-term debt and equity capital to lower middle-market companies. In Q1 2022, the company reported a net interest income of $0.77, topping analysts’ estimates by $0.07. Moreover, its total investment income of $79.4 million saw a 26.4% growth from the same period last year.

Main Street Capital Corporation (NYSE:MAIN) pays monthly dividends to shareholders and has periodically raised its regular monthly payouts since its IPO in 2007. On May 3, the company announced a monthly dividend of $0.215 per share and a supplemental dividend of $0.075 per share. The stock’s dividend yield came in at 7.24%, as of June 21.

In March, Hovde Group initiated its coverage of Main Street Capital Corporation (NYSE:MAIN) with a Market Perform rating and a $44 price target.

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 hold a combined value of $48.4 million. Ken Griffin and Israel Englander were some prominent shareholders of the company in Q1.