Main Street Capital
This Wall Street favorite also offers very solid upside potential. Main Street Capital Corp. (NASDAQ: MAIN) is a private equity firm specializing in equity capital to lower middle-market companies. The firm also provides debt capital to middle-market companies for acquisitions, management buyouts, growth financings, recapitalizations and refinancing.
The firm seeks to partner with entrepreneurs, business owners and management teams and generally provides “one-stop” financing alternatives within its lower middle-market portfolio. Main Street Capital typically invests in lower middle-market companies, generally with annual revenues between $10 million and $150 million. The firm’s middle-market debt investments are made in businesses that are generally larger in size than its lower middle-market portfolio companies. It makes majority and minority equity investments.
The dividend yield is 6.70%. B. Riley Securities has set a $42 price target, while the consensus target is $41.17. The most recent close was at $40.28 a share.
Realty Income
This is an ideal stock for growth and income investors looking for a safer bear-market-busting net lease REIT. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly distributions are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 109 times since its public listing in 1994. It is a top real estate member of the S&P 500 Dividend Aristocrats index.
Realty Income stock comes with a 4.62% distribution. Morgan Stanley’s $74 price target is higher than the $70.21 consensus target and the $66.12 close on Friday.
Shaw Communications
This top company is in the process of a huge merger. Shaw Communications Inc. (NYSE: SJR) operates as a connectivity company in North America, and after the merger, it is expected to be Canada’s number two telecom company.
Its Wireline segment provides cable telecommunications services, including video, internet, Wi-Fi, phone, satellite video, and data networking through a national fiber-optic backbone network to Canadian consumers, North American businesses and public-sector entities.
The Wireless segment provides wireless services for voice and data communications serving customers in Ontario, British Columbia and Alberta through Freedom Mobile and in British Columbia and Alberta through Shaw Mobile. The company was formerly known as Shaw Cablesystems and changed its name in May 1993.
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