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

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Wednesday, February 5th,investing.com reports. Investors of record on Monday, February 10th will be paid 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 of this dividend is Friday, February 7th.

Main Street Capital has increased its dividend by an average of 8.6% per year over the last three years. Main Street Capital has a payout ratio of 77.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Down 1.0 %

Shares of MAIN stock traded down $0.62 on Wednesday, hitting $61.15. The company had a trading volume of 644,323 shares, compared to its average volume of 510,431. The stock’s 50-day moving average is $57.97 and its two-hundred day moving average is $53.19. Main Street Capital has a twelve month low of $43.90 and a twelve month high of $62.19. The firm has a market cap of $5.39 billion, a P/E ratio of 11.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same quarter in the previous year, the company posted $1.04 EPS. On average, equities research analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley lifted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Main Street Capital presently 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.