MSC Income Fund (MSIF) To Go Ex-Dividend on October 2nd

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 2nd will be given a dividend of 0.11 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, October 2nd.

MSC Income Fund Price Performance

NYSE:MSIF opened at $11.77 on Friday. The company’s fifty day simple moving average is $11.57. MSC Income Fund has a twelve month low of $10.80 and a twelve month high of $15.14. The firm has a market cap of $555.13 million and a price-to-earnings ratio of -3,568.96.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05).

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley Financial initiated coverage on MSC Income Fund in a research report on Thursday, June 18th. They issued a “buy” rating and a $13.00 target price for the company. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. UBS Group lowered their price target on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a report on Monday, May 18th. Truist Financial dropped their target price on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada cut their price target on shares of MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.88.

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.