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Dividend BullBULLMAIN may be overvalued almost every day for the past decade, but he still reinvests dividends there because he wants to preserve the dividend growth effect from compounding.2d agoDividend BullBULLMAIN is a strong contender for my preferred BDC spot since I think its internally managed model (management paid on stock/portfolio performance) supports NAV growth and one of the sector’s best covered-dividend profiles even as special dividends normalize.9d agoDividend BullBULLDespite MAIN facing weaker Q1 distributable net investment income that likely forces a reduction in its special dividend starting next quarter, the regular monthly dividend remains well covered with continued NAV growth and manageable non-accrual/software exposure—so this is more of a buying-on-drawdown setup than an immediate exit.12d ago"MAIN may be overvalued almost every day for the past decade, but he still reinvests dividends there because he wants to preserve the dividend growth effect from compounding."
"MAIN is a strong contender for my preferred BDC spot since I think its internally managed model (management paid on stock/portfolio performance) supports NAV growth and one of the sector’s best covered-dividend profiles even as special dividends normalize."
"Despite MAIN facing weaker Q1 distributable net investment income that likely forces a reduction in its special dividend starting next quarter, the regular monthly dividend remains well covered with continued NAV growth and manageable non-accrual/software exposure—so this is more of a buying-on-drawdown setup than an immediate exit."