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

Main Street Capital Co. (NYSE:MAIN) declared 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 5.10%. The ex-dividend date is Friday, June 6th.

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 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 tumble. Equities 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 Performance

Shares of MAIN stock opened at $58.88 on Friday. The business’s fifty day simple moving average is $59.91 and its 200-day simple moving average is $54.45. The company has a market cap of $5.19 billion, a PE ratio of 10.67 and a beta of 1.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital has a 12-month low of $45.00 and a 12-month high of $63.31.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.06). The business had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. Analysts expect that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Main Street Capital presently has a consensus 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.