Main Street Capital Co. (MAIN) To Go Ex-Dividend on October 8th

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Monday, August 5th, NASDAQ reports. Stockholders of record on Tuesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, October 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Tuesday, October 8th.

Main Street Capital has increased its dividend payment by an average of 18.7% per year over the last three years. Main Street Capital has a dividend payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

MAIN stock opened at $51.02 on Friday. The company has a market capitalization of $4.37 billion, a P/E ratio of 9.31 and a beta of 1.30. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $52.39. The business has a 50 day simple moving average of $49.57 and a 200-day simple moving average of $49.28. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The business had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same period in the prior year, the company earned $1.06 earnings per share. As a group, equities analysts anticipate that Main Street Capital will post 4.13 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MAIN shares. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer upped their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and an average price target 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.