Key Highlights

  • MSC Income Fund's $0.11 October monthly dividend has an October 2, 2026 ex-dividend date and is payable October 9.
  • The Board declared $0.11 monthly dividends for October, November and December 2026, totaling $0.33 for the fourth quarter.
  • A $0.03 supplemental dividend, paid from undistributed taxable income as of June 30, 2026, has an ex-dividend date of December 16 and is payable December 23.
  • Second-quarter net investment income was $0.26 per share, adjusted net investment income was $0.33 per share, and NAV per share was $16.51.

Overview

MSC Income Fund, Inc.'s (NYSE:MSIF) $0.11 monthly dividend yields 8.96% and sits beside second-quarter net investment income of $0.26 per share and adjusted net investment income of $0.33 per share. The Fund moved from quarterly to monthly regular dividends beginning July 2026. The fourth-quarter total of $0.36 per share, including the supplemental dividend, matches its total quarterly dividends since its January 2025 listing.

Dividend Program and Shareholder Returns

In August 2026, the Board declared regular monthly cash dividends of $0.11 per share for each of October, November and December 2026. The October dividend has an ex-dividend and record date of October 2 and is payable October 9. The November dividend goes ex-dividend November 2 and is payable November 9. The December dividend goes ex-dividend December 2 and is payable December 9.

The Board also declared a supplemental cash dividend of $0.03 per share, with an ex-dividend and record date of December 16 and payment on December 23. It will be paid out of undistributed taxable income, which is taxable income in excess of dividends paid, as of June 30, 2026.

About the Company

MSC Income Fund is a business development company listed on the New York Stock Exchange since January 2025. It was originally HMS Income Fund, a non-traded business development company. A wholly owned subsidiary of Main Street Capital became its sole advisor in October 2020, and the Fund was renamed MSC Income Fund.

Financial Performance Behind the Payout

MSC Income Fund reported second-quarter net investment income of $12.0 million, or $0.26 per share. Adjusted net investment income, a non-GAAP measure, was $14.9 million, or $0.33 per share, and $0.36 per share on a before-taxes basis.

Net asset value per share was $16.51, a 4% increase from the prior quarter. The Fund presents adjusted net investment income because its capital gains incentive fee is based on realized gains and losses and unrealized fair value changes, which are not included in net investment income.

A Monthly Schedule With a Variable Supplemental Component

For the third quarter, the Fund declared three regular $0.11 monthly dividends and a $0.03 supplemental dividend, with the supplemental going ex-dividend September 16 for payment September 23. The fourth-quarter schedule follows the same structure.

The company describes its policy as total quarterly dividends that include regular monthly dividends and a supplemental dividend set at a level generally consistent with adjusted net investment income before taxes per share.

Outlook

The Fund's stated policy ties total quarterly dividends to adjusted net investment income before taxes per share, which was $0.36 in the second quarter. The monthly payment dates of October 9, November 9 and December 9, the December supplemental and the Board's dividend declarations for later months are the schedule items reported.