Main Street Sees Q2 Net Investment Income (NII) Of $1.00 - $1.02 Per Share; Distributable Net Investment Income (DNII) Of $1.06 - $1.08 Per Share
Portfolio Pulse from Benzinga Newsdesk
Main Street Capital Corporation (MAIN) has released preliminary estimates for Q2 2024, reporting net investment income (NII) of $1.00 to $1.02 per share and distributable net investment income (DNII) of $1.06 to $1.08 per share. The net asset value (NAV) per share is estimated to increase to $29.77 to $29.83, up from $29.54 as of March 31, 2024. The company also estimates a quarterly annualized return on equity of 15% to 17% for Q2 2024.
July 16, 2024 | 11:09 am
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Main Street Capital Corporation (MAIN) has reported strong preliminary Q2 2024 results, with net investment income (NII) of $1.00 to $1.02 per share and distributable net investment income (DNII) of $1.06 to $1.08 per share. The net asset value (NAV) per share is estimated to increase to $29.77 to $29.83, up from $29.54 as of March 31, 2024. The company also estimates a quarterly annualized return on equity of 15% to 17% for Q2 2024.
The preliminary estimates indicate strong financial performance for Main Street Capital in Q2 2024, with increases in NII, DNII, and NAV per share. The estimated quarterly annualized return on equity of 15% to 17% further underscores the company's robust performance. These positive indicators are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100