Main Street Capital Co. (NYSE:MAIN) Declares $0.25 Monthly Dividend

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Thursday, August 8th,investing.com reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.245 per share by the financial services provider on Friday, December 13th. This represents a $2.94 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Friday, December 6th.

Main Street Capital has raised its dividend by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 72.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Main Street Capital to earn $4.01 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 73.3%.

Main Street Capital Price Performance

NYSE MAIN opened at $55.38 on Wednesday. Main Street Capital has a twelve month low of $41.31 and a twelve month high of $55.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $4.88 billion, a PE ratio of 10.03 and a beta of 1.30. The stock has a 50-day simple moving average of $52.00 and a 200 day simple moving average of $50.52.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer increased their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Finally, B. Riley increased their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.80.

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.