Main Street Capital Co. (MAIN) to Issue Monthly Dividend of $0.25 on June 13th

Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Friday, June 6th.

Main Street Capital has increased its dividend payment by an average of 8.6% per year over the last three years. Main Street Capital has a dividend payout ratio of 77.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 1.2 %

Shares of MAIN opened at $58.88 on Friday. The stock’s 50-day moving average price is $59.91 and its 200 day moving average price is $54.45. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital has a 12-month low of $45.00 and a 12-month high of $63.31. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 10.67 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.06). The firm had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. As a group, research analysts predict that Main Street Capital will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and a consensus 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.