Main Street Capital Q3 2022 Earnings Report
Key Takeaways
Main Street Capital Corporation announced its financial results for the third quarter of 2022, featuring a net investment income of $0.83 per share and distributable net investment income of $0.88 per share. The company's success was attributed to contributions from core investment strategies and the performance of lower middle market portfolio companies. Main Street's board approved an increase to regular monthly dividends and another supplemental dividend.
Net investment income of $62.4 million (or $0.83 per share).
Distributable net investment income of $65.8 million (or $0.88 per share).
Total investment income of $98.4 million.
Net asset value of $25.94 per share at September 30, 2022.
Main Street Capital
Main Street Capital
Main Street Capital Revenue by Segment
Forward Guidance
Main Street's board approved an increase to the regular monthly dividends to $0.225 per share, or $0.675 per share for the first quarter of 2023, representing the second consecutive quarter with a monthly dividend increase, and another supplemental dividend of $0.10 per share to be paid in December, representing the firm's fifth consecutive quarterly supplemental dividend.