Main Street Announces Semi-Annual Supplemental Cash Dividend

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.