Main Street Capital Co. (NYSE:MAIN) to Issue $0.25 Dividend

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Wednesday, February 5th,investing.com reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a yield of 4.91%. The ex-dividend date of this dividend is Friday, February 7th.

Main Street Capital has raised its dividend by an average of 8.6% per year over the last three years. Main Street Capital has a payout ratio of 77.3% 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 $4.01 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 74.8%.

Main Street Capital Price Performance

NYSE:MAIN traded down $0.62 during trading hours on Wednesday, hitting $61.15. 644,323 shares of the company’s stock traded hands, compared to its average volume of 510,431. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $57.97 and its two-hundred day simple moving average is $53.19. Main Street Capital has a 52 week low of $43.90 and a 52 week high of $62.19. The firm has a market cap of $5.39 billion, a P/E ratio of 11.08 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $136.82 million during the quarter, compared to analysts’ expectations of $137.57 million. During the same quarter last year, the company earned $1.04 earnings per share. On average, research analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and an average target price of $48.80.

About Main Street Capital

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.