Is Main Street Capital Stock a Buy, Sell, or Hold With Shares 15% Below Their 52-Week High?

Key Points Main Street Capital's base dividend is well covered, providing investors with a yield of roughly 5.6%. A roughly 15% drawdown has brought the price-to-book ratio roughly in line with its five-year average. 10 stocks we like better than Main Street Capital › Main Street Capital (NYSE: MAIN) is a business development company (BDC). It has to distribute at least 90% of its taxable earnings to shareholders to avoid corporate-level taxation, much like a real estate investment trust. Like other BDCs, it tends to have a very attractive yield. But Main Street Capital is a fairly conservative business, which changes the equation greatly for dividend investors.