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

Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Monday, August 5th, NASDAQ reports. Stockholders of record on Tuesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, October 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Tuesday, October 8th.

Main Street Capital has raised its dividend payment by an average of 18.7% per year over the last three years. Main Street Capital has a dividend payout ratio of 74.4% 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 Performance

MAIN opened at $51.02 on Monday. The firm has a market capitalization of $4.37 billion, a PE ratio of 9.31 and a beta of 1.30. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $52.39. The firm’s 50-day moving average price is $49.57 and its 200 day moving average price is $49.30.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The business had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, sell-side analysts expect that Main Street Capital will post 4.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MAIN has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer lifted their target price 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and an average price target 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.