Main Street Capital Co. (MAIN) to Issue Monthly Dividend of $0.25 on June 13th

Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders 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 dividend yield of 4.94%. The ex-dividend date is Friday, June 6th.

Main Street Capital has increased its dividend by an average of 8.6% annually over the last three years. Main Street Capital has a 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 decline. 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 Stock Up 3.0 %

Shares of MAIN opened at $60.72 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 stock has a 50 day moving average price of $59.91 and a 200 day moving average price of $54.45. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 11.00 and a beta of 1.28. Main Street Capital has a one year low of $45.00 and a one year high of $63.32.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The business had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. Equities research analysts forecast 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 stock a “neutral” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.