Main Street Capital Co. (NYSE:MAIN) to Issue $0.25 Dividend

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Wednesday, February 5th,investing.com reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a dividend yield of 4.91%. The ex-dividend date is Friday, February 7th.

Main Street Capital has increased its dividend payment by an average of 8.6% per year over the last three years. Main Street Capital has a dividend payout ratio of 77.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 $3.00 annual dividend with an expected future payout ratio of 74.8%.

Main Street Capital Stock Performance

NYSE MAIN traded down $0.62 on Wednesday, hitting $61.15. 644,323 shares of the company’s stock traded hands, compared to its average volume of 510,431. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $57.97 and its two-hundred day moving average price is $53.19. Main Street Capital has a 1-year low of $43.90 and a 1-year high of $62.19. The firm has a market capitalization of $5.39 billion, a PE ratio of 11.08 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The business had revenue of $136.82 million for the quarter, compared to analysts’ expectations of $137.57 million. During the same period in the previous year, the company earned $1.04 EPS. As a group, analysts expect that Main Street Capital will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.80.

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.