Main Street Capital Stock Is Still on Sale. Is It Right for You?
Ultra-high-yield dividend stocks can be excellent sources of passive income for individuals seeking financial independence. But this comes with a caveat: Not all ultra-high yields are safe.
But the business development company (BDC), Main Street Capital (NYSE: MAIN) appears to pay a safe, monthly dividend to its shareholders. Let's dig into whether the stock is a good fit for your portfolio.
For those who are unfamiliar with the function of a BDC, these companies provide capital to smaller businesses and/or less proven businesses to fund future growth opportunities. In return for these funds, the businesses issue equity stakes to the BDCs and/or debt stakes bearing high interest rates.
Source Fool.com
