Dividend-News

Daily dividend news for investors in dividend stocks


Main Street Capital's Dividend, NAV, And Valuation Vs. 14 BDC Peers (Post Q3 2018 Earnings) - Part 2

Published Mon, 10 Dec 2018 15:51:26 -0500 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 ten 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:
Main Street Capital's Dividend, NAV, And Valuation Vs. 10 BDC Peers (Post Q3 2018 Earnings) - Part 1
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 to scroll 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 sustainability metrics to fourteen other BDC peers. This analysis will show recent past data with supporting documentation within Table 3 below. This article will also project each company's near-term dividend sustainability which is partially based on the metrics shown in Table 3 and several additional metrics shown in Table 4 below.
By analyzing these... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
FS INVESTMENT 5.85   0.0 -0.07 0.76 13.13
APOLLO INVESTMENT 16.03   15.9 1.01 1.80 11.26
PROSPECT CAPITAL 6.76   11.3 0.60 0.72 10.54
OAKTREE SPECIALTY LENDING 4.90   0.0 -1.39 0.50 10.02
TCP CAPITAL 14.52   20.2 0.72 1.44 9.84
PENNANTPARK FLOATING RATE CAPITAL 11.94   29.8 0.40 1.14 9.40
ARES CAPITAL 17.88   9.2 1.95 0.16 8.97
SOLAR CAPITAL 21.06   12.4 1.70 1.64 7.73
OAKTREE STRATEGIC INCOME 8.48   24.2 0.35 0.62 7.27
NEWTEK BUSINESS SERVICES 21.83   0.0 0.00 1.84 7.26
GOLUB CAPITAL BDC 17.78   14.6 1.22 1.28 7.20
MEDLEY CAPITAL 2.82   0.0 -1.55 0.20 7.12
GLADSTONE INVESTMENT 11.67   4.7 2.48 0.82 7.03
MEDLEY MANAGEMENT 2.59   0.0 -0.35 0.12 4.56
BLACKROCK 435.76   16.4 26.55 13.20 3.01