Main Street Capital Co. (MAIN) To Go Ex-Dividend on February 7th

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Wednesday, February 5th,investing.com reports. Stockholders 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 dividend yield of 4.91%. The ex-dividend date is Friday, February 7th.

Main Street Capital has raised its dividend payment 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. Equities research 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 %

MAIN 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 company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. 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’s fifty day moving average price is $57.97 and its 200 day moving average price is $53.19. 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 announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The business had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. During the same period last year, the company earned $1.04 earnings per share. As a group, equities analysts expect that Main Street Capital will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research 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. According to MarketBeat, Main Street Capital currently has a consensus rating of “Hold” and a consensus 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.