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

Main Street Capital Corporation (NYSE:MAIN) declared a quarterly dividend on Monday, August 4th, investing.com reports. Shareholders 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) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 8th.

Main Street Capital has a dividend 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 fall. 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%

MAIN stock opened at $62.98 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $5.63 billion, a PE ratio of 10.38 and a beta of 0.87. The company’s 50 day simple moving average is $65.14 and its 200-day simple moving average is $59.81. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77.

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, meeting the consensus estimate of $0.99. The business had revenue of $143.97 million for 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%. Equities analysts expect that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAIN has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research raised shares of Main Street Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Truist Financial lifted their price target on shares of Main Street Capital from $54.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Finally, UBS Group reaffirmed a “neutral” rating and set a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.20.

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.