Main Street Announces Q3 Preliminary Estimate, NII of $0.98-$1.00/Share, DNII of $1.03 to $1.05/Share, NAV of $28.30-$28.36/Share
Portfolio Pulse from Benzinga Newsdesk
Main Street Capital Corporation (NYSE:MAIN) has announced its preliminary Q3 2023 results, including net investment income (NII) of $0.98-$1.00 per share, distributable net investment income (DNII) of $1.03-$1.05 per share, and net asset value (NAV) of $28.30-$28.36 per share. The company's CEO, Dwayne L. Hyzak, highlighted the strong recurring operating results, a new record for NAV per share for the fifth consecutive quarter, and a return on equity of over 17%. The company also expects to pay a meaningful supplemental dividend in Q4 2023.
October 17, 2023 | 11:09 am
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POSITIVE IMPACT
Main Street Capital's strong Q3 2023 results and the expectation of a supplemental dividend in Q4 2023 could positively impact the company's stock.
The company's strong Q3 2023 results, including a new record for NAV per share for the fifth consecutive quarter and a return on equity of over 17%, indicate a strong financial performance. The expectation of a supplemental dividend in Q4 2023 could also attract investors, potentially leading to an increase in the company's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100