HOUSTON, Oct. 17, 2019 /PRNewswire/ -- Main Street Capital
Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its
Board of Directors declared its semi-annual supplemental cash dividend
of $0.24 per share payable in December 2019. This supplemental cash
dividend is in addition to the previously announced regular monthly cash
dividends that Main Street declared for the fourth quarter of 2019 of
$0.615 per share, or $0.205 per share for each of October, November and
December 2019. Including the regular monthly and supplemental cash
dividends declared to date, Main Street will have paid $27.14 per share
in cumulative cash dividends since its October 2007 initial public
offering at $15.00 per share. Based upon the regular monthly dividend
rate of $0.205 per share for the fourth quarter of 2019 and the current
semi-annual supplemental dividend rate of $0.24 per share, Main Street's
current annualized run-rate for cash dividends is $2.94 per share. Main
Street also expects that its Board of Directors will declare regular
monthly dividends for the first quarter of 2020 during early November.
As previously discussed by Main Street, it is Main Street's current
intention to fully absorb its semi-annual supplemental dividends into
its regular monthly dividends, and in the process maintain and grow its
total combined dividends, by gradually reducing its semi-annual
supplemental dividends while increasing its regular monthly dividends
over multiple years beginning in 2019.