Main Street Capital Co. (NYSE:MAIN) Declares $0.25 Dividend

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Wednesday, February 5th,investing.com reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 7th.

Main Street Capital has raised its dividend by an average of 8.6% annually over the last three years. Main Street Capital has a dividend 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. Equities analysts expect Main Street Capital to earn $4.01 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 74.8%.

Main Street Capital Price Performance

Shares of Main Street Capital stock traded down $0.62 on Wednesday, reaching $61.15. 644,323 shares of the stock were exchanged, compared to its average volume of 510,431. The firm has a market cap of $5.39 billion, a PE ratio of 11.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50 day moving average is $57.97 and its 200-day moving average is $53.19. Main Street Capital has a one year low of $43.90 and a one year high of $62.19.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The business had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. During the same period last year, the business posted $1.04 earnings per share. As a group, analysts anticipate that Main Street Capital will post 4.11 EPS for the current fiscal year.

Analysts Set New Price Targets

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