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

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Thursday, February 6th,investing.com reports. Investors 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 yield of 4.91%. The ex-dividend date is Friday, February 7th.

Main Street Capital has raised its dividend 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. 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 Price Performance

Main Street Capital stock opened at $61.12 on Friday. 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 company’s fifty day moving average price is $58.09 and its 200 day moving average price is $53.24. The stock has a market capitalization of $5.39 billion, a P/E ratio of 11.07 and a beta of 1.28. Main Street Capital has a 1 year low of $43.90 and a 1 year high of $62.19.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, November 7th. The financial services provider reported $1.00 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 company had revenue of $136.82 million for the quarter, compared to analysts’ expectations of $137.57 million. During the same period in the prior year, the firm earned $1.04 EPS. As a group, equities research analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on 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 given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.