Main Street Capital Corporation (NYSE:MAIN) Declares $0.30 Quarterly Dividend

Main Street Capital Corporation (NYSE:MAIN) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Thursday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, October 8th.

Main Street Capital has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Main Street Capital has a dividend 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. 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 Stock Up 2.5%

NYSE:MAIN traded up $1.39 during trading hours on Tuesday, hitting $57.14. 654,197 shares of the company traded hands, 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. The company has a market cap of $5.31 billion, a PE ratio of 12.03 and a beta of 0.72. The firm’s 50-day simple moving average is $52.29 and its 200-day simple moving average is $55.20. Main Street Capital has a one year low of $48.95 and a one year high of $67.77.

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 the consensus estimate of $1.04 by ($0.11). Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%.The firm had revenue of $73.44 million during the quarter, compared to the consensus estimate of $145.23 million. Equities analysts predict that Main Street Capital will post 3.79 earnings per share for the current year.

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.