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

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Friday, June 6th will be paid a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, June 6th.

Main Street Capital has raised its dividend by an average of 8.6% annually 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 fall. Research analysts expect Main Street Capital to earn $4.06 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 73.9%.

Main Street Capital Trading Down 0.7 %

NYSE:MAIN opened at $59.63 on Thursday. 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 stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 10.80 and a beta of 1.28. The firm has a fifty day simple moving average of $59.85 and a two-hundred day simple moving average of $54.42. Main Street Capital has a 12 month low of $45.00 and a 12 month high of $63.31.

Analyst Ratings Changes

Separately, B. Riley lifted their price objective 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and a consensus target price 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.