Main Street Capital Co. Plans Monthly Dividend of $0.25 (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Friday, June 6th will be paid a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 annualized dividend and a yield of 5.03%. The ex-dividend date is Friday, June 6th.

Main Street Capital has increased its dividend payment by an average of 8.6% annually over the last three years. Main Street Capital has a payout ratio of 77.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Price Performance

MAIN stock opened at $59.63 on Thursday. The company has a fifty day moving average price of $59.85 and a 200-day moving average price of $54.42. The company has a market capitalization of $5.26 billion, a P/E ratio of 10.80 and a beta of 1.28. Main Street Capital has a 52-week low of $45.00 and a 52-week high of $63.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Company Profile

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.