MSC Income Fund (NYSE:MSIF) Shares to Pay Monthly Dividend of $0.11

MSC Income Fund (NYSE:MSIF) declared a monthly dividend on Wednesday, November 4th. Investors of record on Thursday, December 31st will be given a dividend of $0.11 per share on Monday, January 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Thursday, December 31st.

MSC Income Fund Trading Down 0.5%

NYSE MSIF traded down $0.07 on Thursday, hitting $12.28. 188,869 shares of the company were exchanged, compared to its average volume of 287,036. The company has a market cap of $578.75 million and a PE ratio of 5.74. MSC Income Fund has a 12 month low of $10.80 and a 12 month high of $14.46. The stock has a fifty day moving average of $12.10 and a 200-day moving average of $12.14.

MSC Income Fund (NYSE:MSIF) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01).

Analysts Set New Price Targets

MSIF has been the subject of several research reports. Oppenheimer initiated coverage on MSC Income Fund in a research note on Monday, October 26th. They issued an “outperform” rating and a $15.00 target price for the company. Truist Financial upped their price target on MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. UBS Group dropped their price target on MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 1st. Finally, Zacks Research upgraded MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.10.

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.