Main Street Capital Corporation (MAIN) To Go Ex-Dividend on September 8th

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Monday, May 4th. Shareholders of record on Tuesday, September 8th will be paid a dividend of 0.265 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, September 8th.

Main Street Capital has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 83.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Main Street Capital to earn $3.80 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 83.7%.

Main Street Capital Trading Down 0.5%

Shares of Main Street Capital stock opened at $57.78 on Friday. The stock has a fifty day simple moving average of $55.70 and a 200 day simple moving average of $54.50. The company has a market capitalization of $5.40 billion, a P/E ratio of 11.65 and a beta of 0.72. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.11. Main Street Capital has a 12-month low of $48.95 and a 12-month high of $67.34.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Main Street Capital had a net margin of 78.49% and a return on equity of 11.80%. The business had revenue of $327.56 million for the quarter, compared to analysts’ expectations of $144.59 million. On average, sell-side analysts anticipate that Main Street Capital will post 3.77 earnings per share for the current fiscal year.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.