Main Street Capital Stock Drops After Q1 Earnings Miss as Dividend Story Faces a Test
Main Street Capital shares fell 4.5% to $54.05 after first-quarter net investment income missed forecasts, coming in at $0.93 per share versus the $1.04 estimate. Total investment income was $140.1 million, below the $146.14 million expected. Net asset value rose slightly to $33.46 per share. The company declared regular monthly dividends totaling $0.78 per share for the second quarter.