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

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Thursday, September 19th, investing.com reports. Stockholders 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 is Friday, September 20th.

Main Street Capital has raised its dividend by an average of 18.7% per year over the last three years. Main Street Capital has a payout ratio of 73.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.4 %

MAIN traded up $0.21 during trading on Thursday, hitting $50.38. 427,504 shares of the company’s stock were exchanged, compared to its average volume of 366,013. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.32 billion, a P/E ratio of 9.19 and a beta of 1.30. The stock has a 50 day moving average price of $49.71 and a 200 day moving average price of $48.93. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $52.39.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $132.15 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $1.06 earnings per share. As a group, analysts expect that Main Street Capital will post 4.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and an average target price 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.