Main Street Capital Co. (NYSE:MAIN) Declares $0.25 Monthly Dividend

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Tuesday, October 8th will be paid a dividend of 0.245 per share by the financial services provider on Tuesday, October 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Tuesday, October 8th.

Main Street Capital has increased its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Main Street Capital to earn $3.98 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Stock Performance

Shares of NYSE:MAIN opened at $51.02 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $52.39. The firm has a market capitalization of $4.37 billion, a PE ratio of 9.31 and a beta of 1.30. The business’s 50 day moving average price is $49.57 and its 200-day moving average price is $49.28.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $132.15 million for the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, equities research analysts expect that Main Street Capital will post 4.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAIN has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer increased their price target on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.40.

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.