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

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.30 per share by the financial services provider on Friday, December 27th. The ex-dividend date of this dividend is Friday, December 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 74.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Main Street Capital to earn $4.01 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 74.8%.

Main Street Capital Price Performance

NYSE:MAIN opened at $55.59 on Wednesday. Main Street Capital has a one year low of $42.53 and a one year high of $55.85. The stock has a market cap of $4.90 billion, a PE ratio of 10.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a 50 day moving average price of $53.00 and a 200 day moving average price of $51.00.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.