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

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Wednesday, September 18th, investing.com reports. Shareholders of record on Monday, September 23rd will be given 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 is Friday, September 20th.

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 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 Up 0.7 %

Shares of MAIN traded up $0.33 during mid-day trading on Wednesday, hitting $50.17. 346,909 shares of the company’s stock were exchanged, compared to its average volume of 365,670. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 9.16 and a beta of 1.30. The firm has a fifty day moving average of $49.78 and a two-hundred day moving average of $48.92. 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.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The business had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, sell-side analysts forecast that Main Street Capital will post 4.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MAIN. Oppenheimer upped their price objective on shares of 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. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.40.

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.