Main Street Capital Co. (NYSE:MAIN) Announces Dividend of $0.30

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Saturday, June 15th, investing.com reports. Stockholders of record on Monday, June 24th will be given a dividend of 0.30 per share by the financial services provider on Thursday, June 27th. This represents a dividend yield of 7.64%. The ex-dividend date of this dividend is Friday, June 21st.

Main Street Capital has increased its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Main Street Capital to earn $3.93 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 74.8%.

Main Street Capital Trading Up 0.4 %

NYSE MAIN opened at $49.34 on Friday. Main Street Capital has a 12 month low of $37.70 and a 12 month high of $51.10. The stock has a 50-day simple moving average of $48.79 and a 200 day simple moving average of $46.07. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.23 billion, a PE ratio of 9.00 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $131.61 million during the quarter, compared to analysts’ expectations of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same period in the prior year, the business posted $1.02 EPS. Research analysts forecast that Main Street Capital will post 4.06 EPS for the current year.

Wall Street Analysts Forecast Growth

MAIN has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. UBS Group raised their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Truist Financial lifted their price objective on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, May 13th. B. Riley lifted their price target on shares of Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada increased their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and an average price target of $47.67.

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.