Main Street Capital Corporation announced on January 16, 2025, its preliminary operating results for the fourth quarter of 2024. The company estimates net investment income (NII) to be between $1.01 and $1.03 per share, and distributable net investment income (DNII) between $1.07 and $1.09 per share.
The preliminary estimate for net asset value (NAV) per share as of December 31, 2024, is $31.62 to $31.68. This represents an increase of $1.05 to $1.11 per share, or 3.4% to 3.6%, from the NAV per share of $30.57 as of September 30, 2024, after accounting for a $0.30 per share supplemental dividend paid in December 2024.
Main Street estimates a quarterly annualized return on equity of over 25% for the fourth quarter of 2024, and an actual return on equity of over 19% for the full year. Non-accrual investments are preliminarily estimated at 0.9% of the total investment portfolio at fair value and 3.5% at cost as of December 31, 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.