Main Street Capital Corporation (NYSE:MAIN – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, February 5th will be paid a dividend of $0.27 per share by the financial services provider on Friday, February 12th. This represents a $3.24 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, February 5th.
Main Street Capital has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Main Street Capital has a dividend payout ratio of 83.7% indicating that 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 $3.81 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 83.5%.
Main Street Capital Trading Up 0.2%
NYSE:MAIN opened at $56.39 on Wednesday. Main Street Capital has a 12-month low of $48.95 and a 12-month high of $65.23. The firm has a market capitalization of $5.27 billion, a P/E ratio of 14.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.05 and a quick ratio of 0.05. The business has a 50 day simple moving average of $55.61 and a 200 day simple moving average of $55.51.
Main Street Capital (NYSE:MAIN – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Main Street Capital had a return on equity of 11.80% and a net margin of 78.49%. The firm had revenue of $327.56 million during the quarter, compared to the consensus estimate of $144.59 million. Equities research analysts predict that Main Street Capital will post 3.75 EPS for the current year.
Key Main Street Capital News
Here are the key news stories impacting Main Street Capital this week:
- Positive Sentiment: The board raised regular monthly dividends to $0.27 per share for January, February and March 2027, up 1.9% from the prior quarter, and declared a $0.30-per-share supplemental dividend payable in December 2026. The increased payout is a positive income signal for shareholders. Dividend announcement
- Negative Sentiment: Q3 previews point to potential earnings pressure: one estimates NII at about $0.89 per share, down 8% year over year, citing higher financing costs and slower share issuance. It also notes regular dividend coverage has weakened, which could make the new payout harder to sustain from current earnings. These are previews, not reported Q3 results. Q3 earnings preview
- Negative Sentiment: Commentary also warns that MAIN’s valuation premium leaves limited room for error, despite its reputation and NAV growth. That could restrain share-price upside if earnings momentum or dividend coverage disappoints. Valuation analysis
Main Street Capital Company Profile
Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. The company primarily invests in lower middle-market companies and also makes private loan investments in larger middle-market businesses.
Its investment activities include first-lien, second-lien and subordinated debt, as well as equity investments and other securities. Main Street seeks to provide flexible, long-term capital to support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.
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