Main Street Capital Corporation (NYSE:MAIN) Plans $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) 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 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 Trading Down 1.5%

NYSE MAIN opened at $62.98 on Monday. The firm has a market capitalization of $5.63 billion, a PE ratio of 10.38 and a beta of 0.87. The business’s 50-day moving average price is $65.14 and its two-hundred day moving average price is $59.81. 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.

Main Street Capital (NYSE:MAIN) last released its earnings results 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. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The business had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. On average, analysts expect that Main Street Capital will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

MAIN has been the subject of several analyst reports. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research upgraded Main Street Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Main Street Capital in a research report on Saturday, September 27th. B. Riley increased their price target on Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Finally, 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 research note on Monday, August 11th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.