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Mar 31, 2023
Main Street Capital Q1 2023 Earnings Report
Main Street Capital announced its financial results for the first quarter ended March 31, 2023, featuring a net asset value of $27.23 per share.
Key Takeaways
Main Street Capital Corporation reported strong first-quarter results, with net investment income of $1.02 per share and distributable net investment income of $1.07 per share. The company's net asset value increased to $27.23 per share. The company highlighted its strong performance in lower middle market and private loan investment strategies, as well as contributions from its asset management business.
Net investment income was $81.0 million, or $1.02 per share.
Distributable net investment income was $85.4 million, or $1.07 per share.
Net asset value was $27.23 per share, representing a 1.4% increase from the previous quarter.
The company declared regular monthly dividends totaling $0.675 per share for the second quarter of 2023.
Main Street Capital
Main Street Capital
Main Street Capital Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comDividend Income Revenue
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CapyFin.com Forward Guidance
Main Street anticipates continued favorable outlook for the second quarter, driven by a growing pipeline of investment opportunities and a conservative liquidity position.
Positive Outlook
- Growing pipeline of investment opportunities in lower middle market and private loan strategies.
- Conservative liquidity position and capital structure.
- Declaration of an increase to monthly dividends for the third quarter of 2023.
- A $0.225 per share supplemental dividend to be paid in June 2023.
- Strong first quarter results.