Main Street Capital Corporation (NYSE:MAIN) Declares Quarterly Dividend of $0.30

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 given 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 of this dividend is Wednesday, October 8th.

Main Street Capital has a dividend payout ratio of 78.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Performance

NYSE MAIN opened at $62.98 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $5.63 billion, a PE ratio of 10.38 and a beta of 0.87. Main Street Capital has a 52-week low of $47.00 and a 52-week high of $67.77. The company has a 50-day simple moving average of $65.14 and a 200 day simple moving average of $59.81.

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 for the quarter, meeting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The business had revenue of $143.97 million during the quarter, compared to analyst estimates of $137.23 million. On average, research analysts predict that Main Street Capital will post 4.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MAIN shares. B. Riley lifted their target price on shares of Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Zacks Research raised shares of Main Street Capital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. Truist Financial increased their target price on Main Street Capital from $54.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Royal Bank Of Canada lifted their price target on Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.