|
Featured MNV Articles:
| Investors Snag MAIN 11.0% Cheaper Than Its Secondary Stock OfferingBy Dividend Channel Staff, Tuesday, November 15, 11:38 AM ET
Looking back to 96 days ago, Main Street Capital Corporation (NYSE:MAIN) priced a 1,170,000 share secondary stock offering at $42.85 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Tuesday, bargain hunters could buy shares of MAIN and achieve a cost basis 11.0% cheaper than those buyers, with shares changing hands as low as $38.12 per share. It should be noted that investors at the secondary have collected $0.76/share in dividends since the time of their purchase, so they are currently down 9.3% on their purchase from a total return basis. Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Main Street Capital Corporation shares are currently trading up about 1.8% on the day. The chart below shows the one year performance of MAIN shares, versus its 200 day moving average:
Looking at the chart above, MAIN's low point in its 52 week range is $31.66 per share, with $47.13 as the 52 week high point — that compares with a last trade of $38.42. The current annualized dividend paid by Main Street Capital Corporation is $2.7/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 01/05/2023. Below is a long-term dividend history chart for MAIN, which can be of good help in judging whether the most recent dividend with approx. 7.2% annualized yield is likely to continue.
Free Report: Top 8%+ Dividends (paid monthly)
This Article's Word Cloud:
Arial
Below
Buyers
Capital
Corporation
Dividends
Free
Looking
MAIN
Main
NYSE
Offerings
Recent
Report
Secondaries
Secondary
Start
Stock
Street
Tuesday
about
above
annualized
basis
chart
currently
dividend
escape
fillColor
investment
investors
last
monthly
most
offering
paid
point
priced
purchase
recent
secondary
share
shares
stock
that
their
time
trading
week
with
|