Main Street Capital Corporation (NYSE:MAIN) to Issue $0.27 Monthly Dividend

Main Street Capital Corporation (NYSE:MAIN – Get Free Report) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, November 6th will be paid a dividend of 0.265 per share by the financial services provider on Friday, November 13th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, November 6th.

Main Street Capital has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Main Street Capital has a dividend payout ratio of 83.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Main Street Capital to earn $3.87 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 82.2%.

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Main Street Capital Price Performance

Shares of MAIN stock traded up $1.39 during trading hours on Tuesday, hitting $57.14. The stock had a trading volume of 654,197 shares, compared to its average volume of 703,839. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 12.03 and a beta of 0.72. Main Street Capital has a one year low of $48.95 and a one year high of $67.77. The stock’s 50-day moving average price is $52.29 and its two-hundred day moving average price is $55.20.

Main Street Capital (NYSE:MAIN – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The firm had revenue of $73.44 million for the quarter, compared to the consensus estimate of $145.23 million. Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. Equities analysts forecast that Main Street Capital will post 3.79 EPS for the current year.

About Main Street Capital

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Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.

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