Main Street Capital Corporation
MAIN · Financial Services
$57.97
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BlackRock Wants 5% to 20% of Your Target-Date Fund in Private Assets
BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
BDCs Are Selling Investment-Grade Bonds Again After a Frozen Quarter
Business development companies (BDCs) are resuming debt issuance after a period of market freeze, with Barings BDC issuing $350 million in bonds at 6.5% interest. While this signals easing credit concerns in the sector, the shift to fixed-rate debt presents both opportunities and risks depending on future interest rate movements.
Does Main Street Capital's Dividend Still Come Out of Earnings, or Out of the Balance Sheet?
Main Street Capital offers a 7.5% dividend yield, but investors should understand its two-part structure. The regular monthly dividend is safely funded by interest income from loans to private companies, while the supplemental quarterly dividend comes from investment gains and is not guaranteed. During economic downturns like COVID-19, supplemental dividends can be eliminated, making the stock suitable only for income investors who understand the risks.