MSC Income Fund (NYSE:MSIF) Shareholders Set to Receive $0.11 Monthly Dividend

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, February 2nd will be given a dividend of $0.11 per share on Tuesday, February 9th. This represents a $1.32 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, February 2nd.

MSC Income Fund Stock Down 0.5%

Shares of NYSE:MSIF traded down $0.07 during trading on Thursday, reaching $12.28. 188,869 shares of the company’s stock traded hands, compared to its average volume of 287,036. MSC Income Fund has a fifty-two week low of $10.80 and a fifty-two week high of $14.46. The firm has a market cap of $578.75 million and a PE ratio of 5.74. The company has a 50-day simple moving average of $12.10 and a 200-day simple moving average of $12.14.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01).

Institutional Trading of MSC Income Fund

Institutional investors have recently made changes to their positions in the company. Independent Financial Group LLC purchased a new stake in shares of MSC Income Fund during the first quarter worth approximately $440,000. Rockport Wealth LLC lifted its holdings in MSC Income Fund by 46.0% in the 1st quarter. Rockport Wealth LLC now owns 106,073 shares of the company’s stock valued at $1,290,000 after purchasing an additional 33,413 shares in the last quarter. Sigma Planning Corp lifted its holdings in MSC Income Fund by 55.2% in the 1st quarter. Sigma Planning Corp now owns 207,539 shares of the company’s stock valued at $2,528,000 after purchasing an additional 73,847 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in MSC Income Fund in the 1st quarter valued at $1,411,000. Finally, Simplicity Wealth LLC boosted its stake in MSC Income Fund by 55.6% during the 1st quarter. Simplicity Wealth LLC now owns 33,233 shares of the company’s stock worth $405,000 after purchasing an additional 11,875 shares during the last quarter.

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.