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

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

Main Street Capital has a 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 Trading Down 1.5%

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

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $143.97 million during the quarter, compared to analyst estimates of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. As a group, research analysts forecast that Main Street Capital will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MAIN shares. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Main Street Capital in a research note on Saturday, September 27th. B. Riley boosted their price objective 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. Finally, Royal Bank Of Canada boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Main Street Capital currently has an average 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.