Main Street Capital Co. (NYSE:MAIN) Plans Dividend of $0.30

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Monday, February 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.30 per share by the financial services provider on Thursday, March 27th. The ex-dividend date is Thursday, March 20th. This is an increase from Main Street Capital’s previous dividend of $0.25.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Down 0.7 %

Main Street Capital stock traded down $0.43 during trading on Wednesday, hitting $59.63. The company had a trading volume of 417,605 shares, compared to its average volume of 513,794. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 10.80 and a beta of 1.28. The company’s 50 day simple moving average is $59.76 and its 200-day simple moving average is $54.38. Main Street Capital has a 1-year low of $45.00 and a 1-year high of $63.31.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price objective on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.80.

About Main Street Capital

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.