Main Street Capital Corporation (NYSE:MAIN) Announces $0.27 Monthly Dividend

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Tuesday, December 8th will be given a dividend of 0.265 per share by the financial services provider on Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, December 8th.

Main Street Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Main Street Capital has a payout ratio of 83.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Main Street Capital to earn $3.87 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 82.2%.

Main Street Capital Price Performance

Shares of MAIN traded up $1.39 during mid-day trading on Tuesday, reaching $57.14. 654,197 shares of the company’s stock were exchanged, compared to its average volume of 703,839. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.11. Main Street Capital has a 52-week low of $48.95 and a 52-week high of $67.77. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 12.03 and a beta of 0.72. The company has a 50-day simple moving average of $52.29 and a two-hundred day simple moving average of $55.20.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The company had revenue of $73.44 million during the quarter, compared to analysts’ expectations of $145.23 million. Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. On average, sell-side analysts predict that Main Street Capital will post 3.79 EPS for the current fiscal year.

About Main Street Capital

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.