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

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 paid a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a dividend yield of 7.66%. The ex-dividend date of this dividend is Friday, September 20th.

Main Street Capital has increased its dividend 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. 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 Trading Up 0.7 %

Shares of Main Street Capital stock opened at $50.17 on Thursday. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $52.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day moving average price of $49.74 and a 200 day moving average price of $48.92. The company has a market capitalization of $4.30 billion, a P/E ratio of 9.16 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

MAIN has been the topic of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer increased their price target 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.