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

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Tuesday, September 17th, investing.com reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a yield of 7.65%. The ex-dividend date of this dividend is Friday, September 20th.

Main Street Capital has raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 73.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Main Street Capital to earn $3.98 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Stock Performance

Main Street Capital stock opened at $50.13 on Tuesday. Main Street Capital has a fifty-two week low of $37.70 and a fifty-two week high of $52.39. The firm’s 50 day simple moving average is $49.81 and its 200-day simple moving average is $48.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $4.30 billion, a P/E ratio of 9.15 and a beta of 1.30.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The firm had revenue of $132.15 million for the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. During the same period in the previous year, the company posted $1.06 EPS. As a group, equities research analysts predict that Main Street Capital will post 4.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MAIN shares. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer upped their target price on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.40.

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.