Not everyone wants pure growth.
Some of us would like our investments to produce income.
And not just the promise of stellar returns.
It’s nice to get paid even if our stock goes down.
And one of the best income-producing stocks is MAIN (Main Street Capital Corp.)
Since the end of 2007, MAIN has produced annual returns of over 16% (if we reinvest dividends), which is almost 2x as good as the S&P 500.
And MAIN is nearing a possible breakout point.
Here’s the chart:
If MAIN breaks above $42.85, it could go on a run.
And you could collect a 6.6% dividend yield all along the way.
We’ll keep an eye on it.
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.