Main Street Capital Corporation (MAIN) To Go Ex-Dividend on September 8th

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Monday, May 4th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.265 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

Main Street Capital has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Main Street Capital has a payout ratio of 82.1% meaning 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 $3.96 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 78.8%.

Main Street Capital Stock Performance

MAIN stock opened at $57.34 on Wednesday. The business’s 50-day moving average price is $55.15 and its two-hundred day moving average price is $58.32. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $5.17 billion, a PE ratio of 10.39 and a beta of 0.76. Main Street Capital has a 1-year low of $50.77 and a 1-year high of $67.77.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The firm had revenue of $156.17 million during the quarter, compared to analysts’ expectations of $141.50 million. As a group, research analysts forecast that Main Street Capital will post 4.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MAIN. Citigroup reiterated an “outperform” rating on shares of Main Street Capital in a research report on Tuesday, January 27th. Citizens Jmp dropped their target price on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Noble Financial reiterated a “neutral” rating on shares of Main Street Capital in a report on Thursday, January 15th. Finally, Loop Capital raised shares of Main Street Capital to a “neutral” rating and set a $65.00 price objective for the company in a research report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.71.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.