Main Street Capital Corporation (NYSE:MAIN) to Issue $0.30 Quarterly Dividend

Main Street Capital Corporation (NYSE:MAIN) declared a quarterly dividend on Monday, August 4th, investing.com reports. Investors of record on Wednesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 8th.

Main Street Capital has a payout ratio of 78.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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 Stock Down 1.5%

Shares of NYSE:MAIN opened at $62.98 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77. The company has a 50-day moving average price of $65.14 and a 200 day moving average price of $59.81. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 10.38 and a beta of 0.87.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $143.97 million during the quarter, compared to the consensus estimate of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. As a group, equities research analysts predict that Main Street Capital will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MAIN shares. Royal Bank Of Canada increased their price objective on Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Zacks Research raised Main Street Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Truist Financial lifted their price objective on shares of Main Street Capital from $54.00 to $64.00 and gave the company a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Main Street Capital in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Main Street Capital presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

Main Street Capital Company Profile

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.