Main Street Capital Co. (MAIN) to Issue Dividend of $0.30 on September 27th

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Thursday, September 19th, investing.com reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a yield of 7.66%. The ex-dividend date of this dividend is Friday, September 20th.

Main Street Capital has raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a payout ratio of 73.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Main Street Capital to earn $3.98 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Stock Performance

Shares of Main Street Capital stock traded up $0.21 on Thursday, reaching $50.38. 427,504 shares of the stock were exchanged, compared to its average volume of 366,013. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $52.39. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 9.19 and a beta of 1.30. The business has a 50 day moving average price of $49.71 and a two-hundred day moving average price of $48.93.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The company had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same period last year, the firm earned $1.06 EPS. Analysts anticipate that Main Street Capital will post 4.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on MAIN shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.40.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.