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Main Street Capital's NAV, Dividend, And Valuation Compared To 14 BDC Peers (Post Q2 2018 Earnings) - Part 2

Published Wed, 12 Sep 2018 21:58:01 -0400 on Seeking Alpha

Author’s Note: PART 1 of this article analyzed Main Street Capital Corp.’s (MAIN) recent quarterly results and compared several of the company’s metrics to twelve other business development company (“BDC”) peers. PART 1 helps lead to a better understanding of the topics and analysis that will be discussed in PART 2. The link to PART 1’s analysis is provided below:
Comparing Main Street Capital's NAV, Dividend, And Valuation To 12 BDC Peers (Post Q2 2018 Earnings) - Part 1
I also provided readers the following “supplemental” article which compared PART 1’s metrics to Prospect Capital Corp. (PSEC) and a recently added BDC stock to my coverage list, PennantPark Floating Rate Ltd. (PFLT):
Prospect Capital's NAV, Valuation, And Dividend Compared To 14 BDC Peers (Post Q2 2018 Earnings)
This two-part article is a very detailed analysis comparing MAIN to some of the company’s BDC peers. I am writing this two-part article due to the continued requests that such an analysis be specifically performed on MAIN and some of the company’s BDC peers at periodic intervals. For readers who just want the summarized conclusions/results, I would suggest scrolling down to the “Conclusions Drawn” section at the bottom of each part of the article.
Focus of Article: The focus of PART 2 of this article is to compare MAIN’s recent dividend per share rates, yield percentages, and several other dividend... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MEDLEY MANAGEMENT 3.37   0.0 -0.54 0.80 22.22
FS INVESTMENT 5.85   0.0 -0.07 0.76 13.13
APOLLO INVESTMENT 15.72   18.5 0.85 1.80 11.52
PROSPECT CAPITAL 6.57   13.1 0.50 0.72 10.86
OAKTREE SPECIALTY LENDING 4.90   0.0 -1.39 0.50 10.02
TCP CAPITAL 14.26   18.5 0.77 1.44 10.02
NEWTEK BUSINESS SERVICES 20.28   0.0 0.00 1.60 9.77
ARES CAPITAL 17.17   8.5 2.02 1.60 8.96
SOLAR CAPITAL 21.75   13.8 1.58 1.64 7.63
OAKTREE STRATEGIC INCOME 8.24   45.8 0.18 0.62 7.46
GOLUB CAPITAL BDC 17.90   13.6 1.32 1.28 7.11
GLADSTONE INVESTMENT 11.84   3.8 3.09 0.82 6.96
MEDLEY CAPITAL 3.20   0.0 -1.63 0.20 6.21
PENNANTPARK FLOATING RATE CAPITAL 12.98   13.8 0.94 0.76 5.90
ALTRIA GROUP 56.75   15.4 3.68 3.20 5.70
BLACKROCK 433.55   16.3 26.62 13.20 3.06