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Get Paid 16x Per Year With Main Street Capital
Imagine a high-yield stock that keeps pace with the S&P 500 while also paying monthly and quarterly dividends.
That’s Main Street Capital ($MAIN).
Main Street Capital is a business development company that provides private equity and loans to privately-held businesses. And unlike many lenders in this space, Main Street Capital’s customers are recognizable and established brands.
As a Midwesterner, I instantly recognized two of Main Street Capital’s customers: Valley Vet Supply and Phantom Fireworks.
Additionally, many of Main Street Capital’s clientele operate in “Peter Lynch” style boring but essential sectors. These are firms like Pinnacle Plastics, makers of grocery bags and plastic cups; and Gamber-Johnson, a company that makes laptop mounts for police cars and firetrucks.
Additionally, Main Street Capital sets specific investment parameters. They only lend to companies with a competitive advantage, positive cash flow, and experienced management.
These principles serve Main Street Capital well.
Main Street Capital’s stock has delivered a 10-year average annual total return of 13.61%. This is slightly higher than the S&P 500. And, Main Street Capital is a high-yield dividend powerhouse. The company offers a…